Using Major Market Patterns to Score BIG! (Low Risk-High Reward)
This video explains how I used the double top formation and a bearish wedge to identify a breakout sell on AUDUSD. My personal trading preference is to get in and out of trades within a few hours. With so much volatility in the market today; I tend to trade within ONE session. Lately, I've been liking the movement of the Tokyo Session because price movement is not as volatile and the charts move more methodical.
This particular trade consisted of a 2:1 ratio with a 60 pip take profit and and 30 pip stop loss. That same analysis could've been used to gain over 100 pips on the same trade.
For those who find technical analysis an intimidating and daunting task; this video is perfect for you. For those who feel like they already know, yet are willing to continue their education/refresh their knowledge.... This video is for you! Enjoy.
I hope this helps!
Follow Me on Instagram: @Kirk_Rich_
This particular trade consisted of a 2:1 ratio with a 60 pip take profit and and 30 pip stop loss. That same analysis could've been used to gain over 100 pips on the same trade.
For those who find technical analysis an intimidating and daunting task; this video is perfect for you. For those who feel like they already know, yet are willing to continue their education/refresh their knowledge.... This video is for you! Enjoy.
I hope this helps!
Follow Me on Instagram: @Kirk_Rich_