Video Synopsis - Breakout Trade – Buying Pull Backs on GBPJPY uptrend.
In the above forex trading educational video I discuss trading with the trend on the GBPJPY. This video demonstrates how I use pull backs to exponential moving averages to enter a trending market. The technique is to look for price action setups that form near the moving averages and place your stop loss just below the low / high of the price action setup, which will likely be on the opposite side of the moving average from the direction we are trading.
This is just one of the many methods that I use to trade the forex market, if you would like to learn more about how I trade the market with my unique price action strategies then please take a look at my price action forex trading course.
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