Hello to all my friends on this platform, today I want to start working with a new dynamic for all of you, which is to show you my knowledge in technical analysis applied in Forex, and on other occasions I have talked to you about what is the forex, but this time I'll start with the way I trade.
I have been working in this area for some time and my results have been good, and I made the decision to share them with you, that is, I will publish my operations showing the entries, exits and the reason for the operations so that you yourselves can see how each one of them works. them, then I will publish the results of each operation, whether positive or negative.
Today in my first trade I looked at the GBP / USD pair, in which it is at a key price that has been previously respected and that I have marked with purple ovals, this pair created a small downtrend, and then I respect the price of 1.4162 there I activate a sale waiting for the price to fall about 50 points from the market, as reflected by the green box that shows that I expect the price to reach 1.4112 so that the operation closes automatically, that is my TP, my profit objective, To take care of my losses it is marked in the pink box, half of the points that I look for in profits I take care of them in the losses that the asset when reaching the price of 1.4188 will automatically close, with 25 pips in negative.
Chart GBP / USD temporality 1h
Now the second currency pair for my debut is the NZD / JPY seeing that this pair has respected the price of 78,446 that has only made false breaks with the wicks of the Japanese candles, but has not been able to exceed its price, here also act a selling entering the point of 78,446 waiting for the price to fall about 20 points in the market, to close a positive position as shown by the green box, having 10 points as a safeguard in case the price breaks my expectation and goes up.
NDZ / JPY chart temporality 1h
I monitor the price action of all pairs to be aware of any sudden change in the market or to let my operations continue to run according to the movements, although almost always I am very attached to my risk ratio plan that, as you can see, I work. in order to seek at least 2 profit points for 1 in loss for each operation triggered.
These have been my two analyzes for today, later in the next post I will show you my results, accompanied by that perhaps another entry of operations if they are presented at that time.
If you have any kind of questions, you can ask them freely and I will be answering them, in the same way if you want to have more knowledge about forex you can talk to me through the comments, which I will happily assist you.
Thank you.
0.000 SRY