I have uploaded another live recording of a recent Forex swing trade on the 1 hour time-frame.
As with all my trades, I used price action for analysis, entry and exit. The trade was entered for a number of reasons, including the following...
- The 50 and 100 moving averages were bearish
- Price was down-trending (choppy but still down-trending)
- There was a pin bar trigger around a clear previous horizontal support area
- The pin bar trigger also rejected both moving averages (dynamic resistance)
I closed 50% of the position around the previous swing low (around 18 pips). The remainder was stopped out in profit.
If you have any questions about the live EURCHF Forex trade, please email me directly firstname.lastname@example.org
All of my live trades are listing on my trading video archive page.