Watch the Latest Trends on Crude Oil and Trade Accordingly

Monday, 13/07/2015 | 08:50 GMT by Rayner Teo Chee Leng
  • Rayner Teo explains that he is a trendfollower and trades accordingly. See in this video what trends are relevant for this week's trading.

In this week's market analysis, I've identified shorting opportunities on AUD/USD and WTI.

Both are potential bearish flag patterns that you can look out for.

I would also like to share with you 2 things to take note of if you are a counter trend trader.

1. Reduce your risk per trade

2. Have a conservative take profit target

If you follow these 2 guidelines, counter trend trades are additional setups to your trading arsenal.

Lastly, I would like to share with you the USD/JPY trade I recently got stopped out and what my take on it is now.

In this week's market analysis, I've identified shorting opportunities on AUD/USD and WTI.

Both are potential bearish flag patterns that you can look out for.

I would also like to share with you 2 things to take note of if you are a counter trend trader.

1. Reduce your risk per trade

2. Have a conservative take profit target

If you follow these 2 guidelines, counter trend trades are additional setups to your trading arsenal.

Lastly, I would like to share with you the USD/JPY trade I recently got stopped out and what my take on it is now.

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About the Author: Rayner Teo Chee Leng
Rayner Teo Chee Leng
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