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Technical parameters | (14th – 18th) May Possible entry point with critical support and resistance level. But when you trade this level make sure that you are using price action confirmation signal. We have prepared these key support and resistance level based on the Fibonacci retracement levels, 100&200 SMA, key swings point and chart patterns formed in the higher time frame. Focus on NZDUSD technical analysis EURUSD Look for buying opportunity near the critical support. First critical Resistance: Click here Second critical Resistance: 1.21856 First critical Support: Click here Second Critical Support: 1.15705 Overall Sentiment: Slightly bullish For GBPUSD, AUDUSD, NZDUSD, and GBPJPY analysis visit www.forextradingforyou.com All the technical parameters are applicable from 14th May to 18th May 2018. The overall sentiment indicates the prevailing trend of the market. We highly recommend you to trade in favor of the market sentiment (overall sentiment) to reduce the risk exposure in trading. Trade the critical support and resistance level with price action confirmation signal. If you want to get the technical chart analysis along with logical explanations, feel free to contact us. We provide high-quality Forex trading signals, trading consultancy, and price action trading course. Please feel free to contact us for any query. A simple 5-minute conversation with our expert will change your trading career. We publish regular technical analysis on all the major pairs in every Monday. Please visit our site www.forextradingforyou.com to get details about our technical analysis. To get details about our video technical analysis along with live trade setup visit YouTube Channel. Please subscribe our channel to stay updated with every single technical analysis. Source: www.forextradingforyou.com

Forex trading is an Art, not a Science. Every time when we trade there is no means a surefire guarantee of success. No trade setup is ever 100% perfect. Therefore, no rule in trading is ever perfect (except the one about always using stops!). But, these basic rules work well across a variety of market environments and will help to keep you out of harm's way. 2% risk for per trade This is the most common and most broken rule in trading. By setting a 2% stop-loss for each trade, you can control your impulsive behavior to save your account. Technical and Fundamental Analysis both are essential Both techniques are important and have a hand in influencing price action trading. Fundamentals are good at dictating the broad themes in the market that can last for weeks, months or even years. Technicals can change fast and are useful for identifying specific entry and exit levels. Don’t lose your winning trade Forex markets can move fast, winning position can turn into losses in a matter of minutes. There is nothing worse than watching your trade be up 50 points one minute, only to see it completely reverse a short while later and take out your stop 60 points lower. You can protect your profits by using price action trading and trading more than one lot. For a more effective result, you may do a price action trading course. Right timing with analysis In forex trading, successful professional traders not only need to be right in the analysis, but they also need to be right in timing as well. Logic wins; Emotion kills It can be a huge rush when a trader is on a winning track, but just one bad loss can make the same trade give all of the profits and trading capital back to the market. Logically focused traders will know how to limit their losses, while impulsive traders can't do that. To get a better understanding of trades, read Importance of Forex analysis . Eternally pair strong with weak When a strong currency is positioned against a weak currency, the odds are heavily skewed toward the strong currency winning. In forex trading, we always trading in pairs involves buying one currency and shorting another. Because strength and weakness can help traders to gain an advantage in the currency market. Risk Can Be Calculated; Reward Is Unpredictable Before starting every trade, you must know your pain threshold. You need to figure your worst-case scenario and place your stop based on a monetary or technical level. Nothing is guaranteed in trading. Reward, on the other hand, is unknown. When a currency moves, the move can be tremendous or inadequate. Importance of Forex analysis Summery We always make rules to stay safe at the end of the day. This basic rules can help you all the time if you control your passion in trading.

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