Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Mid-Term Forecast:
Second Chance Trade Setup summary:
Profit targets= 3923 pip = { TP1=104 + TP2=219 + TP3=344 + TP4=579 + TP5=639 + TP6=789 + TP7=1249 }
Stop Loss = 497 pip
Reward/Risk > 7.9 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6719) again.
if so, traders can set orders...
Forecasting a bear flag patterns before the drop.
Please note
Trade like the banks and financial institutions.
Do not aim for silly 20-30pips instead look for 90-100 pips and above.
Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past!
Dont depend on lagging indicators.
Simplicity is key to...
Price is been bullish since last week and it seems to e forming a bull flag pattern which still suggest that it is going to continue to go higher up.
Hence looking to enter LONG for this pair.
Trade like how the big boys trade (banks and financial insititutions).
Do not aim for silly 20-30pips instead look for 90-100 pips and above.
Dont depend on...
Perfect breakout and market retest , good sell opportunity with great margin.
Beware of market false breakout ( If market make a long buy candle breaking upward trend line can be consider as a false breakout such condition create a strong buy signal )...
double top formed on NZDUSD, after huge dropdown now price is making some correction, according to me price is going to drop very soon..this is not financial advice so be carefull when u trade
Mid-Term Forecast:
Midterm forecast:
While the price is below the resistance 0.6790, beginning of downtrend is expected.
We make sure when the support at 0.6585 breaks.
If the resistance at 0.6790 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price...
Price is forming a bear flag pattern. Hence looking to enter short
Thank you to all those who have sent me private message and been following me.
Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators.
And started to earn good profits as I have told you on what to do.
Please Note:
Just knowing the...
