Forex Price Action Baby, No Technicals or Fundamentals...Trade #4 - Sold EUR/CHF (2/8/19)
10,000 Ft View - 4 Hr Chart
Zooming In
This trade entry was yesterday. What I like about the set-up is the strong move away from the level (orange arrow) that took out all of the pivots indicated by the yellow circles.
But what I really like about the zone is all the three mini zones within the bigger demand zone. Thus, if price is going to breach the 4 hr demand zone to the downside, it's not going to be easy.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
I do some options trading, but have two services that provide market and technical analysis and the positions. But Forex, I have no idea about. I heard it had 10x leverage. Can you write a post explaining Forex trading basics and the risks/rewards possible. Are they only currency trading pairs?
@Morseke1 check out https://steemit.com/forex/@rollandthomas/my-journey-into-forex-part-1-of-3-love-at-first-sight
I don't think it directly addresses your questions, so if that's the case, I will definitely right a post about the topics you stated. Please advise.
That is really a perfect post and thank you for sharing it. Pretty substantial. You could turn that into a short ebook and post it to Amazon and make some money to fund your FX account:)
Lol...glad it helped.