Trading Room

Forex Trading Room Sep 14, 2021 – Identifying key zone with Stochastics and Bollinger Bands

September 14, 2021 | 3:12 pm | The 5%ers' Blog > Trading Room
September 14, 2021 | 3:12 pm
The 5%ers' Blog > Trading Room
Forex Trading Room Sep 14, 2021 - Identifying key zone with Stochastics and Bollinger Bands

Stochastics and Bollinger Bands helped me identify a successful short position on the EURUSD

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The trading rooms are the opportunity to trade together with our traders!
The rooms are available live three times a week for our traders, both PM and during the level 1 process.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, share market visions and trading opportunities.

In today’s trading room, there was news of the USD inflation rate. Markets made some interesting moves, and the EURUSD came to a key zone we identified.

After we wait for a short consolidation and a slow-down of the momentum move, we open a short trade position on the EURUSD in the M15. Stochastics and Bollinger Bands helped me to be accurate in identifying this returning scenario.

The market reacted well at this zone, and the trade hit the TP a few minutes after the end of the session.

We also talked about market structure in different pairs such as AUD, GBP, and JPY pairs.

 

 

 

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