www.fxtrainingzone.com GBP/USD Long trade based on 21EMA on daily chart & short term entry: -4H closed at bottom of price channel -5M entry based on momentum (fibonacci). – MACD confirmation on 4H chart. – Exit based on 15M chart.
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Forex Trading – Scalping For 10 Pips Per Day
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FOREX Trading Review Video 02 OCT 09 EUR/USD (+ 138 pips)
www.fxtrainingzone.com EUR/USD Bullish engulfing candle of the 55 EMA daily. Reasons for Trade: – Price found support off the 55 EMA daily – Engulfed previous resistance area. – Price action found support off the 200 SMA on 4H – Used 5M chart to gain entry.
FOREX TRADING – 26th July CHFJPY +24 & +36 pips
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FOREX Trading Review Video 06 AUG 09 GBP/USD + 254 pips
www.fxtrainingzone.com GBP/USD short trade with an early 4 hour entry: – Important long term monthly levels. – 1H price action found resistance off 50% retracement line – Candles showing lack of conviction to the upside. – Monthly 21EMA present