Make money using this advanced forex trading setup. I have used the “fakey” and price action trading setups with amazing results when traded with the current market momentum. I really love keeping it simple, and this trade setup, really is simple.
Video Synopsis – Make Money Using this Candlestick Trading Setup
In this forex trading educational video I discuss the AUDUSD daily chart, I posted up the fakey setup in this video the week before this video was made in the member’s section. The fakey starts out with looking for an inside bar or a series of inside bars. We then get a false-break candle, that violates the high or low of the inside bar and hopefully the mother bar as well. It’s not good enough to just know markets make false breaks; we have to understand the context they occur in and which ones are the best to take. We need want to trade them with the trend typically and with a confluence of levels, the 8 and 21 emas work well as dynamic support or resistance levels that can add confluence to setup.
There was a counter-trend pin bar that formed in this video that did not work out, you would not have taken this setup because they 8 and 21 day emas were clearly up and you don’t want to trade against the trend. Getting a proper forex trading education in price action is crucial to succeeding in forex trading, if you want to make money in forex with this forex strategy you can learn about it in my trading course.