EUR/USD. After youve removed all the indicators and other unnecessary variables from your charts, you can begin drawing in the key chart levels and looking for price action setups to trade from. Trading.1 lot would mean that if this trade triggered the entry price, then hit the stop loss, the overall loss forex diamant fxblue vivre would be 218. Anyone promising that is lying. This strength will cause some traders to initiate long (buy) positions, or hold on to the long positions they already have. THE stop-loss: A possible stop loss level could be at the high of the shooting star candle. on a markets price chart. Therefore, instead of trying to analyze a million economic variables each day (this is impossible obviously, although many traders try you can simply learn to trade price action, because this style of trading allows you to easily analyze and make use of all market variables.
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The buyer candle, shown by a white, or sometimes green, body tells us that buyers won the battle of the trading. And when it comes to wedge patterns, timing is everything. In the image example below, we are looking some of my favorite.A. . Confirmation for this price action setup should be today when or if price crosses above yesterday's high 108.91. Now It's Your Turn.