HOW TO TRADE EUR/USD THROUGH THE TRADE WARS

Technical Point of View on the EUR/USD

This is a trade that filled on Friday 21st September, we can see from the chart it was a breakout strategy. It was based on the exhaustion of the USD Bulls, and the trade is still in progress and doing very nicely.

Advanced Forex Trading Strategy -Break Pull back and Continuation.

This advanced forex trading strategy is used in trading forex, Indicies, and Commodities.

This strategy is used at the end of a trend. In the example below, you can see that the euro i.e., EUR/USD is stuck in a consolidation or distribution range at the top this advanced strategy can only be implemented once we have a daily candle close above the range.

This may seem a little complex to begin with, but once you have practised this advanced trading strategy a few times, you will get the hang of it. Trading a Breakout, pull back, and continuation can make you over 5000 pips on just six Currency Pairs.

Remember, when you are trading the six major currency pairs, you should always bear in mind the market co-relations. So, when trading the euro always have your dow and dollar index chart open. If you are trading the Aussie dollar, then the two most important charts you require are Gold and Copper.

At Platinum Trading Academy, we will give you all the tools necessary to implement your advanced forex trading strategies and remember when trading BPC the following rules should be taken into consideration.

· Always Plot your Fibonacci for getting the appropriate entry

· Always use a daily time frame and work alongside institutions, not retailers

· A BPC Trade is a breakout so define your trend prior to taking the trade

· Use the appropriate Stop loss for the trade, which is 40 pips and your aim should be around 100 pips for this kind of trade.

Always remember Fundamental move the markets, technicals give you entry points, and logical should confirm your trading entry. Hence, we always say the perfect trading is a combination of Fundamental, Technicals, and a trading system or trading strategy.

This is a beautiful example of how Platinum’s analysis works and how it can work for any client that joins us.

The status of this trade:

EUR/USD – Wait for a breakout of 1.1740, then on the Pullback go Long with a 40 pip stop loss and a target of 1.1850



21/09/18: Trade has triggered

24/09/18: Trade has reached over 50 pips profit, move stops to break even, and partial position out.

HOW TO BECOME A PROFITABLE TRADER.

If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course. We have just introduced this, as in the last month we have had a lot of inquiries on learning how to trade the financial markets. We can get you on the path of becoming a successful Financial Trader.

We hope you have enjoyed reading this blog and have found it very informative. We are more than happy to further explain our top advanced trading strategy on the free consultation that we offer.

In it, you'll see exactly how an advanced trading strategy is used to extract a consistent number of pips from the market, and how we can help you to take your trading to the next level. You'll speak with an experienced trader directly with over a decade of history within the forex markets.

Get in touch with us today, and advance your trading with the Platinum Trading Team.

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