https://youtu.be/0hqofyzHhWE
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Hello everybody welcome to the second part of the uh forex trendy episode
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if you want to look uh the first one uh i will put the link below in the description if you want to use forex
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trendy you will find link below in the description as well so um the next trade i was going to show
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you is the euro and the swiss franc we have a triangle by signal break at 0
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7 98 so we have a very nice triangle formed during the azim session okay no very good activity here let me see
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the there is the the support zero seven seventy eight to zero eight zero two
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at least twenty pips so not not much room to trade but um at the europe time
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the big guys came in and everything was fine because after this little retracement you are inside pattern the
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price just started to go up reaching the zero eight
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and four level okay and after this double top price started to go down so as you can
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see you can have two trading opportunities uh you will find many opportunities okay
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and then it depends on your trading strat on your strategies and what kind of trader
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you are if you're trading with a trend or if you like to be a contrarian it's up to you
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it's a total personal call so we have a very nice straight at least 80 pips okay
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so let's jump to oil we have a flag sell signal not good one because the brake was at 43
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20. as you can see the price action looks very very
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fecal because these very big candles the green and red ones okay it's not a good sign and
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it's gonna be a that it's gonna be a safe trade okay at least with good odds
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but uh it didn't go in profit because it uh touched the 43.00 level with this spike but you will never
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make it guys because this price action is so fast on the five minute chart
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and uh this was a bad one okay i assume it's because we are trading in a range
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uh looking at the at the price action here you don't see the the total image okay the wall image here
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because we just have a section but uh it looks like the bottom of the range
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and then as you can see uh from these two previous stops here uh the price just stopped the year again
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and uh and again here so uh the price try to break through the the stop of the range as you can see you
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know forming this double top here and then going down so not a good trade always look at the
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price action be selective especially if you use the the pattern reliability on medium you
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can go on ios if you want okay so let's jump to the austrian dollar and as we see
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we have a flag buy signal break at 66.71 so again uh during the the asian session we have a
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sleeping market okay and after the um 8 a.m 9 00 a.m here in europe the big guys came in
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even though the the action was pretty difficult because the market was uncertain you know because i
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was still um buyers and sellers were fighting as you can see from the price action
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and then the price rebounded this 66 c6 level here and then skyrocket up to 67.00 so a little one but
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uh if you have like 20 pips 30 bits targets like me for example i have a 20 pips target for each trade
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so if my goal is to make 100 pips per day is just three trades uh i'm in profit
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three four months unless remember quality over quantity so then you are fine okay
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let's come to the exotic pair here on the use usd knock the norwegian chrome
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so at first it doesn't look very good uh especially if you look at the price action the flag is too
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uh it's too ripe okay the ripeness of the flag is too much uh so i don't like it
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but but if you look at the price level break at 1782 and uh it reached the 69.83
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so we got 100 pips more or less remember that every time you will treat exotic pears
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you will find very large threads so leave it at least 30 pips more or less okay so you got 70 pips uh
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profit okay but um usually you will find uh very good opportunities on the
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exhibit pairs uh we got a very interesting summer on the euro turkish lira usd turkish data but this is just
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the best it's not uh it's not my uh personal okay forecast that you're gonna make
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money on the on the exotic players you'll find many interesting opportunities of course
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but remember that these exotic pairs are just for experienced traders stay away from the market if you don't know how to
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trade so for today's everything i hope you enjoyed the video uh leave a comment
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below uh push the like button if you want to use forex trendy you will find
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