It will be good signal to short NZDUSD at 0.68516
People always get carried away by false breakouts and loose their money. Here is an easy way to Identify weather breakout is genuine or price will reverse. It's simple Let's say in Bullish Trend when price moving up shift your chart to 1Hr or 4Hr and look for previous High. Now If current candle breaks previous High then look at your Stochastic Indicator If it's...
Ok here i have seen many Forex traders just posting charts with so called Patterns and loaded Indicators. In reality these all useless until and unless Traders understand Fundamentals behind price Movement. Whenever we ask someone why price moves up or down or why price always try to create Higher High and Lower low before reversal then what answer we get is...
Guys ! we all know about Renko Charts, you can use this strategy which is really basic, simple but very very effective. For making good profit it's not that you need loaded Indicators and systems, sometimes a very basic system turns to be effective. Here i am discussing a system which always works. Clear entry and exit rules, you can use this system for scalping...