Part two – Liquidity pools [Video]
|In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the EUR/USD and how you can trade the forex structure on daily, four, hourly, and 15 minute charts and how you can target the next support/resistance. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the EUR/USD structure today using the trading charts and price action. You will learn how to be aware of liquidity pools to make a better trading decisions.
How to find consistently profitable trading ideas on the daily basis (trading strategy to trade forex structure):
-
Clear direction & structure (combine at least two time-frames).
-
Price close to the support/resistance (do not buy the top/sell the low).
-
Bullish/bearish PA with sizeable risk: Reward ratio.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.