Trade Analysis / Chart in Focus:
Daily Market Scan for Trade Setups
Hello all,
Two more full weeks of trading to close the year. Many opportunities will present themselves during this time. Let’s close the year with some nice trades!
8 Hour charts: EUR/USD short, GBP/USD short, EUR/JPY short, EUR/AUD short
Here is today’s video for our scan of the markets for new trade setups…
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Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades. Past performance is not indicative of future results.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Trading forex is risky and not suitable for all. There is a substantial risk of loss in trading commodity futures, options, and off-exchange foreign currency products.
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{ 2 comments… read them below or add one }
i want to get an idea for study of monthly chart
You can use the True Trend to easily trade any time frame including the monthly. I find the 8 hour time frame the best. I recommend you spend time trading that time frame.