Welcome trading legends,
This time we’ll be trading the EUR/USD asset using the signals from the ToolsTrades website and the IQ options broker. Be sure to stick to the end of the video as I’ll give you a special promo code for Forex Signals.
The Bat Pattern, is a precise harmonic pattern discovered by Scott Carney in 2001.
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
EURUSD approaching its top resistance at 1.4522 as per the channel on 1hr chart.
A short call is a must, the target will be close to 1.365.
Eur/USD has been Hanging Between Support & Resistance from last 20 Days..
At the Moment, It's Heading towards the Resistance (1.1900), If Resistance got Cleared, Next Stop Would be 1.2000
if Bulls Failed to Clear the Resistance there is a Possibility of Triple top Formation. ( Bearish Pattern )
Putting it simply, your trading plan is going to be your game plan for success, as it’s a rulebook that is going to dictate what you can and can’t achieve when you trade forex. The problem is that while crafting a trading strategy that looks good on paper can be done in a few hours, putting it into action is the only way to determine its true effectiveness. The amount of traders that enter the forex market without putting a strategy through its paces beforehand is frightening. Let us tell you now—and we really can’t stress this enough—before you commit to any trading strategy over the long term, you have to stress test it.
Stress testing a forex trading strategy needn’t be a chore in spite of what others may tell you. Countless simulation tools out there can help you without putting any of your capital at risk. These tools allow you to “run” your strategy through various historical data and trading scenarios to see just how exactly it holds up. As has been said many times in the past, anyone can create a trading strategy, but only rigorous testing can truly determine its effectiveness. Putting your strategy to work with Forex signals is a great way to ensure your profit. The trading signals I use are from the ToolsTrades website.
You need to remain glued to daily financial news should you want to be a competent forex trading, but that isn’t going to be enough to make you an out-and-out success. Smart traders understand the importance of determining the differences between fads and trends, so for this, you are going to need to have a grasp on macroeconomics and their market significance.
Be sure to use the promo code SHIVINVEST on ToolsTrades website for more signals.
The large majority of traders opt to analyze market developments in terms of their impact on parameters such as GDP. On top of this, they are always able to make more sense of important macroeconomic policy changes, such as interest rate revisions.
Anyone who wants to know the true secrets of forex trading needs to know that breaking down the details of macroeconomics of inflation and GDP all the way through to interest rates and earnings is key.
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