DOES THE PINBAR ON AUDJPY HOLD?I'm bearish on AUDJPY. We reached strong resistance and possible formed a pin bar. Depending on how the candle closes, it can be seen as a bearish sign.
Dailchart
Forex Watchlist for upcoming trading weekIn this video I go over our watchlist for the upcoming week and I mainly focus on the daily chart... tomorrow in the lat Asian trading session I will focus more on exactly what we will do, but it is imperative for us to prepare for tomorrow today.
In the video we go over many forex pairs, indices and commodities.
A little bit about our system is below:
Our technical system complies of 3 indicators and pure price action patterns, the analysis process we do is based on the past, where we look for key trading levels and momentum/trend indications, in the present we look for patterns, review our tools and do complete candlestick analysis present and as for the near future, this is where we let imagination do it’s work by reviewing the possible probabilities of movement and what news can affect price.
Further to the analysis process we always apply Multiple Time Frame Analysis.
To us, risk management is not just a stop loss, but rather structured position sizing which has 3 paths, conservative, moderate and aggressive, this highly depends on the trade we are taking.
The thing that really makes us successful is our mindset of being reactive to the charts as they produce new candles and data and then be proactive on what we do about it.
Finally, every trade to us is unique henceforth our tactic to trading will generally differ from the previous trade. To us it is “One day at a time, one trade at a time”.
Oh yes, and we always focus on compounded weekly percentage gain!
Make sure you give us a follow as we’re going to be bombarding tradingview with top value trade ideas, education and more!
