Technically as well as Fundamentally, NZDCAD is projected to follow further down and make new lows. Why? Canadian currency is making a comeback from a previous downtrend. The early stages of de-inflation have already begun and the currency itself is forecasted to make stronger strides in the future. NZD currency has been unstable and consequently falling when...
Let me know if you found that helpful! Any questions? lets get in touch
I was able to catch the downtrend on the NZD/CAD pair and resulted in a very good profit so far. This is the reason why I do not believe in Take Profits. Why would you want to stop your profits? If the market goes in your favour, let it run and simply trail with Stop Loss to ensure that you still make a net profit on your trade. NZD/CAD is now headed even...
I hope you learned and liked the video. Let me know if you have any opinions of your own on if you like the trade and the plan set up for it. Thanks for watching!
Let me know how you found that video and if you agree with the brief analysis with the markets. Drop your opinion on the comments!
As seen on the chart, there is an obvious medium pullback on EUR/USD. EUR/USD is in an uptrend which gives it that much more reason to invest LONG. This is a textbook trade and the market should continue making the HH and HL. Keep risk low and SL smart, be sure to let me know what you think about this trade!
As stated in the video, EUR/USD is making continues HH and HL on the 1w, 1d and 4hr. As the DXY market continues to decline we can expect a steady incline on EUR/USD and generally every other pair that is inversely connected to USD. I do not use any indicators nor do I have a fancy trading strategy. Rather than clouding my mind with too many drawings on the...
Hello everyone, As I said in the video, I think that the EUR/USD market will continue its uptrend as it continues to make HH and HL. I am trading with paper money as of now and its all part of my learning. Let me know if you found that useful. Thanks
AUDNZD broke out of its previous uptrend as it broke the previous HL. If you look on the 4hr and 1d you are now clearly able to identify the downtrend as the market just starts to make its LL and LH. I was able to enter the market at the pullback. I'm going to hold the trade as long as the trend goes. My SL is at LH which allowed me to keep my SL very tight....
My first video idea! Today the analysis lined up to be a possible deep pullback. I am a pullback trader so trades like those are my only strategies that I trade with. As I said in the video, the risk is low, and rewards can be high depending on how long the uptrend lasts for. Definitely something to take advantage on! Let me know if you agree or think...
Weekly and daily timeframes both suggest the market is well in a downtrend following the recent news events. I suggest waiting for the next pullback in the downtrend and trying to enter SHORT at the Lower High with your stop loss just above the previous resistance line or the previous Lower Low. Be sure to do your own research and let me know if you agree.