https://youtu.be/Zv1KJAiSdV8
00:00:02
hello everybody welcome back to the second part of the hourly timeframe review here on forex trendy so uh the next trade is the british bond and the australian dollar rising watch that signal break it 82 18. uh very nice [Music] price action because we got this top year around 837 then the price started to go down calmly then the rising wedge form the breakout was very nice uh with this first breakout and the price re-tested this trend line uh doji formed and the price continued to go down reaching the 76 uh 15 level so a nice nice trade around 600 bits more or less let's jump to this we see in the japanese uh not a very good trade for me according to price action even though we got this uh double top okay maybe other trailers we will see other patterns but all i can see is a double top and uh the price started to go down then retested this level around 1655 when even back up around 87 okay and then started to go down after the breakout reaching the 15 16 level uh i don't like this price action honestly yes it was a profit a profitable one but for me it's not a good one okay i'm very picky with price action i usually don't trade a hourly chart i have two trading accounts [Music] one is for very short uh short term trading okay and the other is for long term one so yeah it's not a good trade for me even though uh people out there me money but i personally stay away from this uh price action especially if i want to trade continuation patterns okay so let's jump to the australian dollar and the swiss range we have flag by signal breaker 6638 a nice one if you consider this very strong bullish impulse okay as the beginning of uh of an uptrend here on the hourly uh you can look at this flag like a 15 retracement and then the price uh broke through the trend line started to go up again uh reaching the 66 98 level failing to retest this previous high around 67 or 10.
00:02:59
so a nice trade you know from 66 38 to 666.90 you see why it's very important having strategies because you know at least you got to put usually okay traders put their target on the next to the the previous high okay and you know you must know what to do if the price goes back okay it's up to you it's a personal call if you let the price go or just manage to trade or bail out it's up to you let's jump to the british pound and then new zealand dollar we have a triangle sell signal 9706 um a very nice trade here okay if you open the if you study prize action books you will find many trades like this so it looks like a manual a trading book we have a very nice downtrend and then the price form this triangle relaxing a little bit and then after the breakout continue to go down reaching the 9252 level [Music] so a huge one 500 pips more or less [Music] this is the same trade but two different patterns recognized by forex trendy it's usual and sometimes it happens so as you can see you can grab many opportunities here on forex trendy today is september 9th 2020 and we got a lot of emerging patterns i will upload this video in the next day so many of these patterns are gone and so they are not tradable anymore okay forming pattern so you can stay ready to trade if you are a day trader and stay all day long in front of the screens like me so if you wanna use for extend you will find link below in the description hit the like button if you like the video let me know what you think if you are day trading or if you prefer higher time frames for today is everything good luck see you soon bye [Music]
Source : Youtube