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a huge rally on the british pound usd five minute charts watch the video until the end because i’m going to show you what happened in this crazy morning here europe time hello everybody welcome to my channel i’m back with another forex trendy episode today i’m going to show you what happened on the first market we had a hot morning year europe time on the forest market and now i will show you all the opportunities we have with forex trendy of course i will show you the best trades of the day and the worst ones you know because i always like to be clear with my viewers that uh there are no magic tools on the forex market you know for your trading activity i like to be clear about this because there are no money making uh tools you will not get rich overnight but this is a marathon so you can make money day by day and grow your account steadily so before starting subscribe to my channel enable the notification button so you will know when i will upload next video don’t forget to visit my website forex esper.net where you will find more than 130 articles about forex trading technical analysis fundamental analysis training psychology forex trendy review and much much more if you want to use forex trend you will find a link below in the description let’s start so the first trade of the day here uh is the british founder usd this was a a huge one on the five minute time frame we had a flag buy sig not break at 40 20. so as you can see uh the price after the breakout had no no intention to retest the trend line and start to go up reaching the 41.56 and now a double top is forming so we are still watch but this trade is huge for the traders uh at least 120 pips it’s usual for uh the british pound rallies like this or if you want to make a lot of money you should trade you should focus on the british pound but we were use always stop loss because you can incur large losses especially on the british pound okay let’s jump to the new zealand dollar and the germanian i don’t like this chart because it’s two figures and the volatility is too high you can see uh from the kind of size you know sides are too big you know candles are too big we got these big spikes so there is no no much room to enter into this trade but okay uh after this uh strange and a creepy prize actually here we have a triangle by signal breakers 79 21 so the price uh bringing through the trend line retesting this level around 71.18 and going up to 79.38 so not much room to make money here so stay away from uh price actions like this okay it’s not clear if we compare with the previous previous one you can see our card situation here uh is on the forest market you know the the candles are small and the price is moving uh calmly and going up uh following following this way okay let’s jump to the usd cad we have a flagship signal bracket 2120 so after uh triple top here um the price actually could to go down you know forming this flag a little retest here on the trend line we got these little dodges here and then started to go down rebounding on the 2096 very close to the zero zero psychological level uh if after a few hours continue to go down reaching the 2081.
00:04:30
so a nice price action to enter uh your short trade always uh watch always look at the price action see if the price action is telling you to go short or long okay this is the previous trade uh let’s see the british pound the cat this was a very hot uh day for the british pond you know because the uk is reopening after the coveted disaster and lockdowns so uh we have a triangle by signal vegas 70 11 the price was uh was stuck here rebounding on this 17 12 resistance zone you know after the breakout retested the previous resistance you know acting like a support at london time continued to go up reaching the 71.27 i don’t count spikes now because you will not be able to exit at the spikes especially on the five minute charts where things are so so fast let’s jump to the usd sac rising wedge sell signal bracket 3106 let me tell you this we got a lot of interesting opportunities here on the uh exotics exciting pairs but the problem with exotic pairs are the low volumes and the high spreads so bear in mind when you build your uh trading strategies for uh exotic pairs uh always count your uh big spreads usually around 20 30 bits depends on your broker so if you see if you take a look at the price action here it’s not very [Music] inviting i don’t know how to say in english but honestly it’s not very good um the price looks like it’s uh lateralizing in this very huge channel 29 for a tier 3 so there is no much room to enter this trade only if you want to scalp it uh when you are just close to the middle of the of the channel and assure it for the bottom at 32 uh 1392 so not a not a good signal here on the usd sag be aware i’m using in my setting page i’m using a reliability medium but you can go for highest you will receive uh highest quality cigarettes okay let’s jump to the usd and the cat so another interesting trade maybe was the previous one yes i don’t know why is reporting the same trade okay doesn’t mind let’s jump to the uh swissy and the germanian and this trade is still on uh on his way because he’s 16 45 p.m here in europe so it’s still fresh well price action doesn’t really look very very good because uh the price is struggling to go up even if uh was bouncing on this previous strong support zone around 2071 but we will see if the it will reach the previous high year at 2104 is very close to the zero zero level psychological level so let’s see uh for me it’s not a good trade but uh um according to my strategies as usual when is approaching the zero zero level uh i will stay and watch because many interesting things are uh going to happen so i will wait for the price to touch the previous eye before entering or not okay i will decide if i will enter or not so for me nice uh stand by watch it okay so uh this is another trade here another signal singapore dollar and japanese but it’s very fresh is it happened at uh 5 10 p.m so it’s still in progress i want to show you okay how it looks and american session is going to end in a few hours so volumes usually are going to go down so we will wait for the asian session and we will see what will happen so as you can see we had a very hot morning here on the british pound uh this uh coin again is the value usually the light size with uh israelis it depends on on the news okay the news are very very promising then rallies are very very probable uh on the on the british pound okay on the pound so that’s it for today uh leave a comment below let me know what you think if you are using forex trendy if you what kind of strategies are you’re using okay for today’s everything stay tuned bye
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