singapore forex workshop

Time frames and Confluence – 3/06

Time frames and Confluence – 3/06

Forex trading pair: eur gbp daily chart Pin bar appears on the Eur gap daily time frame. Where do we enter? Lets move down to look at the 4 hour time frame…………… 2 Fibonacci is drawn as shown in the picture to look at areas of confluence. The highlighted area shows strong consolidation due to […]

Price Action – Outside Bar Reversals 26/05

Price Action – Outside Bar Reversals 26/05

Forex trading pair: usd cad h4 Price action – outside bar reversals at the usd cad h4. In the box highlighted. These are trend reversal signs. Took a sell position (green line) in the retracement of the outside bar. Stop loss moven to above the price pivot area. (red line) In a FREE TRADE now. […]

Fibonacci with Price Action 21/05

Fibonacci with Price Action 21/05

Forex trading pair: chf jpy h4 Look at the circle highlighted – A inside bar at the fibonacci 50% level. Macd shows no divergence whatsoever of it going up strong. What comes after the inside bar – a bearish bar. Simple price action strategy when combine with fibonacci. When the fib takes off at the […]