https://youtu.be/Ru1Szt0NpC0
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A very nice trade here on forex 25 minute charts watch the video until the end because we
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had an amazing day here on the first market a lot of up and downs for the traders
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that really like action hello everybody welcome to my channel
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today i'm going to show you what happened on the five minute time frame here on
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forex trendy and on the first market in general before starting subscribe to my channel
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hit the notification button and push the like button so every time i start my video i stress
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my viewers about the importance of having a strategy or
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multiple strategies if you don't have strategies that work you're gonna lose money
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over over the long period so it's very important having a strategy don't forget to visit my website
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forexpert.net where you will find more than 118 articles forex related
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for free so i really suggest you to visit my website so let's start the first trade of the
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day was the usd and as we see we got a triangle buy signal break it 89 35
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so um during the the past day okay the price was uh bouncing on this very strong
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support zone around 89 17 and before midnight the price started to go up forming this
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uh very very long triangle all right it takes all night long
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for and then at 8am 7am uh europe time we get a breakout the price starts to go
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up we got a little retracement here around 23 38 percent
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at london time and then continued to climb going up to 89.82 for a very high profit
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for momentum traders scalpers of course so it was a very nice
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trade with a very strong uh price action behind it okay uh we got another shoulder here and then
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the price rebounding on this very strong support zone
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so it's very important to check out the the price action you're gonna use all the indicators you want but
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if you don't have a clear understanding of price action uh you will not make money okay
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so let's jump to the usd and sec uh we got a flag by signal brigade 3076 uh we got very interesting trades here
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on the exotic pairs uh but be aware that spreads are going to be much
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much much bigger than the major and the miners so bear in mind is when you build your strategies
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so we got this flag even though it looks more like a a wedge but okay it doesn't
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really matter um we got a very strong breakout we're here
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with no retest initially because the price went up to
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32.39 so if you place a buy limit you're gonna be fine but if you're gonna place the orders
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manually then you are gonna have a little problem so uh i usually uh wait for uh re tests
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next to the trend line or on the trend line but this is not a financial advice okay
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and then you're gonna enter the market don't forget to place the stop loss guys and the price went up to 35 or two
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so we got a very very nice a huge trade okay a lot of pips in the in the bank
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let's jump to the british pounds we see um this is a classic okay when creating the
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continuation patterns okay these patterns are not perfect so they have a winning rate around the 60
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percent then it varies on the on each pair and uh be reminded uh you're not gonna win all
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the time okay i must be clear with my viewers because it's very important to
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uh stress on the importance of having strategies and stop loss so we got this triangle
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buy signal the the price broke through the trend line and then going up
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strongly up to 24 43 and then went back inside the pattern retesting this previous level okay
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around here 2404 and then again went up re-testing this previous high okay so a
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nice trade um you see when the when the price went back in the
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the pattern traders that have very very title stop-loss are out so this is why i
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i always suggest you i always advise you to have a strategy in place
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if you have a very good scalping uh strategy then you're going to profit but if you want
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to go for a longer ride you need a wider stop loss but you can do this if
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you backtest the market and you know where to place the stop loss
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so let's jump to the usd in japanese this was not a good trade only for the scalpers
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we got a break at [Music] 106.05 and the price reached the
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18 level retesting this previous high so this was not a huge one for scalper was a very good one but
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for traders that look for 20 30 pips target they are hot if they have a very stop
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loss a very tight surplus so let's jump to the od new zealand dollar
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we have triangle buy signal 1777 uh this was a very good day here on the first market on forex trendy you know
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a lot of the days are gonna be like this so it's very important to maximize the profits and minimize losses
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this is what very good traders do and uh you can already achieve this by using a very good uh risk reward
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ratio okay i will make a video about this so we got a triangle bicycle breaker the
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whole 777. and uh the price was uh rebounding uh on this uh pretty strong resistance here
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around 707.66 and it worked very good as a support you know started to go high form and
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forming a higher lows as you can see here and then it went uh hop to
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27.92 so it was a very nice little trade here for scalpers or uh people that
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are looking for 20 15 20 pips uh target but the trade is still on okay so
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it's not done yet let's jump to the euro and the japanese uh i think this is the perfect price
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action for uh continuation patterns you know we got a cell signal breaker then
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27.85 as you can see here on the top of the chart we got a very nice at the shoulder
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so after a nice uptrend we got a reversal and the price started to go down forming
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this triangle this pattern is very very long because it formed at 3 15 a.m
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and then the breakout happened at 13 4 40 p.m so it takes a lot of hours to work
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the longer the pattern okay the more of um the more reliable it is so we got this a very strong sell-off
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if you if you uh if you are there on the front of the screen then you got an opportunity to
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make a market order so it's fine but you can go even with a
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with desktop okay so the price uh went down reaching the 27.45 40 pips so a very nice credible
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opportunity a lot of money made here by forex trader using this forex trading tool let's jump to the cat job onion we
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got a ryzen white subsequent break at 83.45 this was a tricky one because uh the
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price was ranging okay uh we got two channels here they are not very visible but the first
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one is the year around 83 till 9 and 83 59 60 okay
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so we got a strong breakout here with a small retest but you can see here from this uh candle
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the green candle that the cellar pressure was uh pretty strong so we got a very strong
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sell-off reaching the 8307 so a nice one more or less other 40 pips in the branch
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we got a very busy day here on the forex market using forex trendy so uh let's jump to the singapore dollar
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and the japanese we got flex sell signal break at 79.75 so this was another nice flag
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break out the 79.75 going down to 79.59 so around 16 pips more or less so this is guys as you can see from the
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video it's very important i have a strategy because you have to adjust your uh
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targets especially when you trade a five minute chart where uh the price action is so fast you
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know and momentum is changing everything and the price going up and down in a matter of
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minutes so you know where to place your uh take profit in each
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market scenario so it's very important it's very important if you want to make money
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let's jump to the last trade of the day is still in progress because uh it happened like the signal
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was uh at 14 35 p.m so we got this rising wedge now it's failing because we got this uh
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breakout and uh the price retested the previous strong versus previous resistance
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around 0.580 and then went back up inside the button so let's see what happened in the in the
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future of course this trade will uh take another uh
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a strong strong direction with the opening of the asian market asian session okay so in
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six hours more left bear in mind when you when you trade some kind of pairs
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that involves i like appears like yan bear in mind is that when the asian session
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begins then you're gonna have troubles if you don't have a specific strategy for a asian session
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because the opening is gonna be pretty pretty strong okay i was trading the i don't remember i was
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trading the new zealand dollar in japan one day and uh i was still in a position
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with my stop loss and uh and at the asian session opening uh we got a very nice huge gap
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opposite to the direction i was trading is my broker closed out the trade
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but bear in mind that gaps can happen very often at the opening so this is it for uh
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this video i hope you like it leave a comment below let me let me know what you think
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the like button if you wanna purchase forex trendy you will find a link below in the description
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subscribe to my channel visit my website we i have more than 120
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articles for free okay a lot of information to help you i wish you good luck on the
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market see you soon bye bye [Music]
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