In this video, we delve into the crucial concept of triggering into a trade. If you've been following our previous episodes, you're familiar with combining trading strategies like trend analysis, deeper retracements, and identifying support and resistance levels. But the question remains: how do we effectively enter a trade when these levels are respected?
Join me as I walk you through the process of selecting the right trigger to confidently enter a trade. We'll use a gold chart as our example, examining a weekly uptrend with significant pullbacks to a well-tested support level. I'll show you how to zoom in on a 15-minute chart to identify potential entry points.
You'll learn:
- How to recognise a respected support level.
- The importance of a trend line break as a trigger.
- Using MACD for confirmation to smooth out price movements.
- Combining multiple indicators to create a robust entry strategy.
We'll also explore another example using the EUR/USD pair to illustrate how these principles apply across different markets. By the end of this video, you'll have a clear understanding of how to identify and use trade triggers to enhance your trading strategy.
RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.
Editors’ Picks
EUR/USD remains below 1.1750 ahead of ECB policy decision
EUR/USD remains on the back foot below 1.1750 in the European session on Thursday. Traders move to the sidelines and refrain from placing any fresh directional bets on the pair ahead of the ECB policy announcements and the US CPI inflation data.
GBP/USD stays defensive below 1.3400, awaits BoE and US CPI
GBP/USD oscillates in a narrow band below 1.3400 in European trading on Thursday. The pair trades with caution as markets eagerly await the BoE policy verdict and US consumer inflation data for fresh directional impetus.
Japanese Yen languishes near weekly low against USD; focus remains on BoJ policy update
The Japanese Yen trades with a negative bias against the recovering US Dollar for the second straight day, pushing the USD/JPY pair closer to the 156.00 mark or the weekly top. In the absence of any fundamental catalyst, the downtick could be attributed to some repositioning trade ahead of the crucial Bank of Japan policy update on Friday.
Editors’ Picks
EUR/USD remains below 1.1750 ahead of ECB policy decision
EUR/USD remains on the back foot below 1.1750 in the European session on Thursday. Traders move to the sidelines and refrain from placing any fresh directional bets on the pair ahead of the ECB policy announcements and the US CPI inflation data.
GBP/USD stays defensive below 1.3400, awaits BoE and US CPI
GBP/USD oscillates in a narrow band below 1.3400 in European trading on Thursday. The pair trades with caution as markets eagerly await the BoE policy verdict and US consumer inflation data for fresh directional impetus.
Gold holds losses below $4,350 ahead of US CPI report
Gold struggles to capitalize on the previous day's move higher and holds its pullback below $4,350 in the European session on Thursday. The downtick could be attributed to some profit-taking amid a US Dollar bounce. All eyes now remain on the US CPI inflation data.
BoE set to resume easing cycle, trimming interest rate to 3.75%
The Bank of England will announce its last monetary policy decision of 2025 on Thursday at 12:00 GMT. The market prices a 25-basis-point rate cut, which would leave the BoE’s Bank Rate at 3.75%.
US CPI data expected to show inflation rose slightly to 3.1%, cooling Fed rate cut bets for January
The US Bureau of Labor Statistics will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT. The CPI inflation in the US is expected to rise at an annual rate of 3.1% in November
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