Recent Posts

2 Solid PRICE ACTION Trade's

Ok! July just kicked off and boy are we excited about this SPECIAL trading month!

I say special because this month is a "life" changer to me personally, I have been working hard to make this month, the best month of the year so far. But, I will go over this in more details in another post, for now, lets focus on the two price action setups I entered this fine morning.

The two trade setups are on EURGBP and USDCAD. Let's get the show started with EURGBP.

EURGBP 4-Hour Chart

(click on image to enlarge)

Looking over EURGBP, you will notice that price action last week broke an important resistance level, which is right now acting as a support. If it holds, we should see price action head to the next resistance level which is at or around the 0.89090 area.

Of-course I always encourage everyone to do their own analysis before entering/following any of the trade ideas I release, this is important because you will not only learn to trade better but you will know why to enter a trade and your comfort level should go higher.

Also, as with every trade, you need to know where you will get out before you even get in, for me, my "get out" price is 0.88150. (red zone)

As you can see there still is room for price action to head lower, the final support level here is 0.88245, if price action heads there, and I see the level acting as a good support, I will re-enter the market with an idea to compound this trade setup.

So. that's my game plan for EURGBP, lets head over to USDCAD, a pair that has earned me well last week.

USDCAD 1-Hour Chart

(click on image to enlarge)

So, USDCAD... finally we see some downside here which correlates to the bullishness in Oil, I spoke a little about this last week when I released the sell trade idea on USDCAD. You can check out that article by pressing here. (its actually a quick video).

USDCAD is an interesting trade setup, price action is currently using a sideways trend line, the 30-hour EMA and the 60% Reversal tool all as a resistance, which kinda makes me think that now is the time to sell.

However, there are other resistance levels that "might" be tested, such as the recent support level at 1.3220 (my SL is just above that level).

You can also notice two TP levels, they are the same TP levels as the video I released last week.

I am personally targeting the first level for now, things might change till then, if they do, I will do my best to update you guys.

So, thats pretty much it, in both images you can see my TP and SL prices, key trading levels of both pairs and a basic compounding strategy I might employ to tackle losses.

Thanks for reading! Comments are always welcome!

PS: Make sure you get this Monday of to a good start or it might make your whole week suck!

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Stay Connected

  • Black Facebook Icon
  • Black Twitter Icon
  • Black Instagram Icon
  • Black YouTube Icon

Member of Double D Ventures


Disclaimer: Any Advice or information on this website is general advice only. It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided by PipsMatter, or anyone associated with PipsMatter.


High-Risk Warning: Online trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of trading in forex, futures, commodities, cryptocurrencies, shares, and options and be willing to accept them in order to trade in these markets.


Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade or invest with borrowed money or money you cannot afford to lose.


Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.


Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

© 2016-2019