Forex Blog Articles

98.2 Pips Profit Using Fundamental and Price Action

June 4, 2020 | 1:07 pm | Forex Blog Articles
June 4, 2020 | 1:07 pm
Forex Blog Articles
98.2 Pips Profit Using Fundamental and Price Action

Excellent Trade of The Day Using Fundamental and Price Action

98.2 pips profit with great Risk-Reward ratio

Faheem A from Pakistan is currently trading in our 24K evaluation program.
Faheem A. testify himself as a swing forex trader.
He has 5 years of trading experience in the Forex market.

Here is a short description of his trading strategy and his trading method:
I trade along the trends considering Fundamental and Price Action

Open Position
On 02/06/2020 he opens a buy position on NZD/USD and he held this position for only 1 day.
It also seems that he open buy position after the price just broke out a resistance zone.
The price created a new high and he bought right after the price broke the resistance zone.
Holding this position during these corrections definitely required patience and tones of discipline.
The Max DD for this position was only 0.3 pips which indicates a very accurate entry-level for a swing position.

100 Pips Profit in Only One Day Using Two Strategies Combination

Close Position
Faheem A. close this position on 03/06/2020 with a 98.2 pips profit.
Compare to the Max DD this position suffered from, it seems like a great Risk-Reward ratio for this position, the DD is only 0.3% of the profit.
Holding a position and wait for 99 pips definitely required patience and discipline from a forex trader, many traders would run away before.
Definitely wise decision to close a buy position after 99 pips profit in one day and when the price just reaches into supply level that we can see on the D1 chart.
Great position from a great swing forex trader, very accurate enter and exit, it seems Faheem A on his way to pass the evaluation and become a funded trader.

Currency: NZD/USD

Position: Long

Profit: 98.2

DrawDown: 0.3 pips

From Peak Potential: 35.3

Duration: 1D 3H 58M

Well done to Faheem A for his perseverance.
We encourage traders, and we look forward to bringing you some more trader insights and success stories.

 

Click here for our Weekly Supply & Demand Forex Analysis Video on Jun 01- 05, 2020.

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