In this live trading video you will learn how to trade the forex market (or stocks, or futures) using the basic understanding of market philosophy and psychology. In video we explained the price action forex trading strategy we consistently use to find powerful swing trading, day trading and scalping trading opportunites. This trading strategy is based on price action, bounces of support and resistance, swing trading charts (time frames such as Weekly, Daily, 4 Hourly), market behaviour and trading patterns.

 

On this Kiwi forex pair we used the Daily channel pattern to find spot for potential swing trading positions, and used the 4 Hourly chart to swing trade the reversal bounce off of Daily channel resistance using the "Bull-Bear" reversal price action trading pattern. As we explained in this live Kiwi forex trade video there are a lot of different approaches and strategies to trade the bounces of major support and resistance zones.

What is most important when trading the markets is your trading plan rules, how you manage your trading risk and staying in the lane of your trading mindset. Bounce forex trading strategy can be very profitable if used correctly, as markets are always either breaking or bouncing for support and resistance price levels, in this Kiwi trade we were trading the bounces in daily channel.

Watch the video, apply and learn to trade forex using this price action trading strategy TODAY!

Forex 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 the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.

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Editors’ Picks

EURUSD stabilises above 1.1900 awaiting further drivers

EUR/USD was at the whim of US dollar flows on Thursday, but ultimately ended the day flat at just above 1.1800. ECB rhetoric, as well as the minutes of the November meeting, serve as a reminder of the stimulus dilemma faced by the ECB in December.

EUR/USD News

GBP/USD downside contained at 1.3320, returns above 1.3350

GBP/USD’s rejection from 1.3400 finds support at 1.3320. The pound is losing ground on a thinned Thanksgiving session, retreating from 12-week highs after having rallied in eight out of the last nine trading days. 

GBP/USD News

USD/JPY ignores downbeat Tokyo CPI, trades mixed above 104.00

USD/JPY traders look for strong signals to break the chain of three-day declines. Tokyo CPI slipped below -0.6% forecast, core CPI matched -0.7% expected in November. Risks struggle amid US off, mixed news on vaccine, US-China front. A light calendar can extend the sideways moves.

USD/JPY News

Editors’ Picks

EURUSD stabilises above 1.1900 awaiting further drivers

EUR/USD was at the whim of US dollar flows on Thursday, but ultimately ended the day flat at just above 1.1800. ECB rhetoric, as well as the minutes of the November meeting, serve as a reminder of the stimulus dilemma faced by the ECB in December.

EUR/USD News

GBP/USD downside contained at 1.3320, returns above 1.3350

GBP/USD’s rejection from 1.3400 finds support at 1.3320. The pound is losing ground on a thinned Thanksgiving session, retreating from 12-week highs after having rallied in eight out of the last nine trading days. 

GBP/USD News

USD/JPY ignores downbeat Tokyo CPI, trades mixed above 104.00

USD/JPY traders look for strong signals to break the chain of three-day declines. Tokyo CPI slipped below -0.6% forecast, core CPI matched -0.7% expected in November. Risks struggle amid US off, mixed news on vaccine, US-China front. A light calendar can extend the sideways moves.

USD/JPY News

Bitcoin price majestically rockets past $18,000 as $20,000 beckons

Bitcoin rally is in full swing as investors anticipate a final leg up to $20,000. The flagship cryptocurrency has in the last couple of weeks broken key barriers to top $18,000 on Wednesday towards the end of the Asian session.

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Gold: Bears noting old support for a discount

The price of gold has broken into bearish territory below a 38.2% Fibonacci retracement. In the recent good news in markets, the price of the yellow metal has come under renewed pressure. Bears will seek a discount on a pullback to retest old support, expected to turn resistance. 

Gold news

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