NZDEUR trade ideas
Rising wedge - SellPrice has formed a rising wedge pattern hence looking to enter short.
Will wait for the 1st bear flag to form and then enter short
The way I trade is:-
1. I only look at the chart only 3 times per day.
2. I dont depend on any lagging indicators or imaginary support / resistance lines.
3. Stress free simple trading with massive impulsive moves is my game.
4. Make money even while asleep.
Trade like how professionals do and look at trading as a fun and easy way to make passive income.
Dont focus on gaining only 20-30 pips. AIm like the big boys for 90 + pips
Thanks to all those who have followed me and liked my post.
This encourages me to post more trade ideas.
Rising wedge - SellPrice is clearly forming a rising wedge pattern. Hence looking to enter short
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
BUY EURNZD ...Diamond reversal pattern...analyze for yurself and go for it.....
set your tp according to your account size.
EUR/NZDDisclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Head and Shoulders - "Learn More Earn More" with usHead and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
. This illustrates that the upward trend is coming to an end.
. When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
Pure price action. Pin point entry(buy)As a price action trader we only spot pin point location for entry and not to chase the trend.
price will approach the demand zone i e Flag limit, and rejectResistance has already respected three time. if price approaches demand zone.it will respect it and reject from there. R:R 1:6.5
Ascending channel - Sell Long term trend - Short
Nature - Corrective Phase
Pattern - Ascending channel
Stoploss - 50 pips
Risk: Reward - 1:6
Ascending channel is a reversal pattern thats highly suggestive of a change in trend from long to short
