Forextradingzones
GBP🇬🇧 NZD 🇳🇿 short valid ✅Hello traders
Some big moves in the markets today.
NZD is proving strong and our strategy has presented a short trade on EURNZD pair.
Working the 30M time frame here to a 1:2 risk reward ratio.
As with all my ideas the back test results can be found at the foot of the idea for trading the pair in this manner.
Test results are from January 2020 to today, Stats are based on risking 1% capital per trade on a £1000 account.
Quick overview of the strategy in use.
The strategy is a trend based strategy.
The inner workings of the strategy are 5 individual strategies rolled into one. Trades are only valid when all 5 confluences line up.
At this point the trade presents on the chart. Alerts can be set and the the strategy can also be automated.
No excess time spent at the charts
Adaptable strategy to suit your trading style.
Works on any instrument and time frame.
Want too know more?
Sure drop me a message and feel free to ask any questions.
Forex Trading For Beginners Analysis on CAD/JPYOn the higher time frame, price is currently trading on the bearish order block of the H8 and it was refined to the H1 timeframe and there is already a break in market structure to the downside, we then wait for the price to go back to the bearish order block area we then go to the m5 or m15 for entry. I think the price might go down to meet with at least the H4 OB before pushing to the upside.