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eurusd on the five minute time frame great trade for day traders out there who are using forex trendy watch david until the end because i’m going to show you many interesting tricks and i’m going to explain you trading levels
hello everybody welcome back to another video today i’m going to show you what happened on the 4s market and which trading opportunities you can find using forex trendy to cash in and grow your account let me make a little disclaimer of course you are not gonna win make money on all the trades this is unreal and all the traders have lost so it’s very important to have a very good and strict money management only that way you’re gonna grow your account and make money so the first trade of the day here on the five minute time frame is the euro usd we have a falling wedge by signal breaker 05 61 very very close to the fifth level so pay attention guys to two levels that are very important the 50 and zero zero okay when the price is very close to the 15 0 0 you have to wait a little bit because it’s going to retest before taking off or falling down as you can see here from this trade we got a breakout here okay the price then starting to go up then we have evening star forming and the price retesting the 50 level very close so uh the previous high here okay so aspect or it has especially on the five minute time frame then the price starts to go up again breaking up the previous high here so you know it went up but then again get close to the fifth level as you can see here so expect retests and uh and then finally on top okay to 0 6 10. so 50 pips uh trade it’s a huge amount of pips for the traders of course especially if you have a very strict money management you know analyzing the trade price actually was looking promising because we got this two bottoms here and then after these two buttons the price just started to go up uh building up the pressure then uh forming the falling wedge as you can see and nothing was pretty good then we got this uh double bottom here forming and uh if you are very very conservative trader you’re gonna look for patterns like this okay if you’re aggressive you’re gonna enter uh put your uh stop loss down below here and then just let the trade go if you hit the stop loss so you will be minus but if you if you reach the target you will plus so let’s jump to the um let me undo this
let’s jump to the next trade that we have euro and the swiss franc this trade is taxpayer trade and the price action looks incredibly uh good as you can see we got a very strong bullish impulse here than the triangle forming the breakout the first breakout was this as you can see but i guess you don’t enter beyond the spike because if you enter on the spike that’s a very very rookie move so i will wait for confirmation okay so the first breakout was a tease at 0 1 15 and the price then went back inside the pattern retesting the level level here as you can see it touched so many times and then this big grand candle here as you can see okay that’s so for me was the best time to enter the market here after this green bull candle and then you’re gonna expect the price to go up uh reaching the one zero one fifty one so a nice straight nice straight not a big one but a nice trade okay price action is perfect price action is perfect because as you can see the price is adding to the triangle okay with the nice bullish inputs
moving as usual with uh forming higher highs and lower lows and then taking a break here with this nice pattern and then going up
let’s jump to the new zealand dollar and japanese this was a failure
price action was looking pretty good okay but you know sometimes even if you have all the odds to your favor is not enough is not enough because market is unpredictable so let’s go and analyze here on the left we can see that the price was touching this very strong resistance at 18.50 and i’ll remember the levels 50. so um we got this nice channel forming then the breakout then the retest here okay and then a bullish inputs down here and then rebounding okay and the price
went up again you know retesting this is a very important price structure if you use poc you’re gonna see that majority of investments of traders are here you know why because the price is adding again back on this area between 85 29 and 80 50.
so the first time you know was retesting the lower part of this channel here as you can see uh trying to go down but fail again and then retesting the upper part here and then again the upper part here so um i will wait honestly this this trade was uh fair okay because even if is a little bit too uh stiff you know because the pendant is too much my opinion for my rules but okay you can if you’re moderate aggressive you’re gonna enter but be aware that 50 you’re gonna lose money here in this situation but it’s okay it’s okay even if you want to scalp but it’s up to you because nobody knows you know when the market is going because of course traders will enter here are expecting to go down and down by didn’t happen
let’s go to the next trade british pound and the germany and we have a flag by signal break at 65.99 so very close very close to the zero level so again we are gonna analyze price action as you can see on the left side of the chart we got this very important structure here close to the 70 level this is intermediate level
and the price is reducing many times then falling down and again back on this level uh well if you look better at the chart it looks like a big uh at the shoulder we should see it on the 15 on the 30 minute time frame we got the left shoulder here the head here and the right shoulder okay so um price action looks promising because after this bottom year the price started to go up and bullish input is pretty strong you know because it’s breaking this previous highs and this real level okay as you can see here this very important level got tested with this retracement here and then hop no fear of going up
and the flag is honest here okay so the market is uh let me undo all these things here okay the flag is honest you know because the the price was retesting this level very close to this price structure we were talking about later uh before and bricat was solid but again the price was retesting this uh structure here okay so i expect to re-test when you have this very strong price structures um that’s an indication for your stop-loss or you if you’re using it here it depends on your strategy okay so it was a solid one because then after testing the 1684 you went up to 1644 so a very nice trade nice trade
the price was not able to go higher than the previous high here okay but in may uh is still in progress so you may retest very important levels like this so we’re gonna see we’re gonna see what will happen next 30 minutes hour okay usd and danish chrome we have a triangle sell signal bracket zero to another one so when you’re gonna trade uh exotic pairs you’re gonna find great opportunities of course but there is a problem for most of the traders that have small accounts but even for trade that have medium or big account uh this is the spread it’s a spread problem but price action looks perfect here looks perfect you know because the price isn’t going down aggressively it’s going down calmly so it’s doing everything we got these um two tops here and then breaking this level here retesting a few times and again the previous support is now acting like a resistance because if you see this pattern here the triangle the price last time was retesting with this bike previous resistance and then he had no no problem to go down okay and the breakout was solid no retest uh going down to zero zero eighty two from zero to ninety 291 so huge trade huge one and it happened in the afternoon because the signal was uh at 1550 greenish time plus one
and so like in one hour you were banking a lot of money of course let me take a look at the last trade is still in progress but here again the the price action is looking promising you know because we have this very strong price structure here at 85.92 very close to the zero zero level so we got it zero level um so the price is filling so much this structure and um we’ve got this bottom forming here and again as you can see the triangle is uh these two the bottoms are testing this previous high and uh everything is in line to go to the fifth level you know because a breakout is 86 22 so yes yes it can it may happen but it may not you know because now is uh retesting this preview high and now we will see if it’s going to be strong enough to break it and fly to the 5th level okay always check the 30 minutes time frame to see where the bigger players are going and on when the price is heading because five minute time frame is a very small time frame and uh things changes so fast and uh you you you need to stay focused while trading the 30 minute time frame you’re gonna enter the trade like you you buy okay
you live like for 20 minutes 30 minutes one hour and your thread is in progress but on the five minute time frame you need to stay here okay yeah you can go anywhere so this is why the trading is not for everybody okay so for today’s everything let me know what you think about this video leave a comment below see you soon bye bye
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