Forex Trading Analysis 02 August 2018 + Forex Market Recap
Forex Trading Analysis 02 August 2018.
This is my second video for today about the most interesting currency pairs of the day.
Have a look at the analysis on GBP/USD to find out my plan to trade that currency pair:
Position opened:
USD/CAD short
Entry: 1.3030
Stop Loss: 1.3045
Take Profit: 1.2960
Please note that in the video, I also explain the reasons why I might change my positions during the trading hours, so make sure to watch the video till the end.
All the charts have a time-frame of 1-hour.
**Setup: **
- H1 chart
- Green Simple Moving Average (60-close)
- Orange Simple Moving Average (240-close)
- Red Simple Moving Average (960-close)
- Bullish Trend, starting from the top = green-orange-red
- Bearish Trend, starting from the top = red-orange-green
Follow me: @forex-intraday
Legal Disclaimer: Any material or information in this article is general educational material and you will not hold anybody responsible for loss or damages that may result from the content provided here.
Trading has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in any Financial market. This article is neither a solicitation nor an offer to buy/sell any financial instrument.
Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
Past performance is not indicative of future results.
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