This is a simple breakdown of a good price action trade setup
1. Breakout from the triangle pattern
2. Pullback to previous support
3. Fibonacci level in play
4. Moving average respected
5. Pin bar sell signal
Stops for this type of trade setup is best placed above the pin bar where this setup is deemed invalid. The target value should be at least 2x the stop value (or more) - in this case targeting support at 14.50xx
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
For live updates please feel free to join Forex Bootcamp using the link below
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
1. Breakout from the triangle pattern
2. Pullback to previous support
3. Fibonacci level in play
4. Moving average respected
5. Pin bar sell signal
Stops for this type of trade setup is best placed above the pin bar where this setup is deemed invalid. The target value should be at least 2x the stop value (or more) - in this case targeting support at 14.50xx
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
For live updates please feel free to join Forex Bootcamp using the link below
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.