Blow up a Forex account and profit 5 times in the beginning
We almost blew the account at first the account is not looking good right now you guys can see we are currently down about $32 on the accounts but we ended up playing in our favorites now our goal for this week is to turn $3000 into $6000 so let’s see How will things go all right guys It’s Sunday evening so it’s the first day of the challenge in week three Day one with the new Forex deal on the new channel for week one.
Blow up a Forex account and profit 5 times in the beginning
First of all what’s going on here is this cat yeah she’s shy she’s camera shy she had a party here last night and she went crazy but this is the third week we’re taking $100 to mail last week we took it from $437 to $3,000 and now this week, she’s going to take GO $33,000 to $6,000K just to show you guys as always.
It’s currently Sunday evening at 8:00 the account is currently sitting at $3,000 let me show you the market for this week because honestly, I think it’s as good as it was last week so you guys know every week in the market is different some weeks have better opportunities than others but I see a great opportunity In this week.
Retesting the EMA in a Forex trade
So let me show you that the first one is going to be EUR USD you guys can see that we have a very clear right shoulder to the left head and now we’re retesting the neckline of the head and shoulders to retest the EMA and then we have a 4-hour bearish engulfing candle now if you guys see Series last week, this same pattern will look very familiar from the trade that took us from $437 to $3,000.
Let me show you guys what time it is now in Miami at 7:37 pm to refresh the web page this is last week’s trade that made us about $22,000 this market will be here so you guys can see the US dollar Japanese yen.
Retested Neckline in Forex
We’ve got this Head Left Shoulder Right Retest Retest Neckline The trade boom EMA fell one to It was more than 1 to six to about 1 to six R to reward now on this one What this market looks like is the same Big Head and Shoulders Retest To reject the neckline of the EMA and then swallow the trade.
So we will enter this trade as soon as we get the closing body CESTI hereby for EUR and USD you can see it here EUR USD next will be USD CHF so USD CHF on the daily time frame, obviously we are heading lower to the downtrend now I’m simply waiting for that The price is falling around this area of interest likely to the 8900 psychological level when it drops to 4our.
Retest the deal’s trading level
I want it to come back and then retest this EMA level here, retest this EMA level and the rejection of this previous structure will confirm the point level here and then we will be able to head to the downside the trade is very nice then it will be GBP CAD so the GBP CAD is currently on the time frame Our weekly slow down one week at a strong level of 1775 and then the daily time frame.
You can see how from this run BLL was very strong, right you know 2 days pause one strong push 2 days pause 3 four 5 days of very strong push but then it’s been here for about two weeks in the same place so it’s showing signs of slowing down.
Opportunity to enter into Forex counter-trend trading
So this allows us to get into a counter-trend trade now you can see here on the 4-hour time frame we are lining up head left and then shoulder right to where this market is we can then take a break to retest and then sell to the downside and then retest this The neckline of the EMA we line up is the same thing as the EUR USD.
It’s the same thing the only thing is that EUR USD 2 to 3 days before that let me show you guys this is EUR USD now in 4 hours very clear the right shoulder broke the left head and then retest when you go to GBP CAD we’re still in Missing interval and then retest.
So your USD we already have this push and we already have this retest which is very clear to notice here the breakout and then the retest, we are exactly waiting for the GBP CAD to enter this trade.
Summary
The famous degeneracy would be degenerative say it with me degener I can’t even say degeneracy right GBPJPY so GBP JPY we have a giant left head and then a potential right shoulder again major potential because it hasn’t happened yet so I’ll wait for this price to fall back to that level Then I sell and it will retest this strong level of resistance how is that done in the past for this sell and then we retest the EMA which it goes down after that and then it heads to the downside now why do I sayDegenerr huh because we can have acounter-trendd trade what does this mean this means We are at Forex support level.
