Technically, we have various setups that we can take opportunity on this pair. Price broke and closed above previous Supply Zone, and a retest towards that zone would provide a good opportunity to long. Looking at the bigger picture, we also have a bearish Bat pattern with PRZ at 1.1380.
An ideal scenario play will be price retraces back to the previous Supply Zone, we look for a buy opportunity with targets around the completion of the bearish Bat pattern; and we then look for a short opportunity with the completion of the Bat pattern towards the downside.
Of course, these are all simply trade expectations and projections. One thing, and the most important thing to takeaway from this post today is this:
THE MARKET DOES NOT FOLLOW NOR EVEN CARE ABOUT OUR (AND ALL TRADERS) ANALYSIS. IT DOES WHAT IT NEEDS TO DO. WHAT WE AS TRADERS SHOULD FOCUS ON IS HOW CAN WE BEST PREPARE OURSELVES TO TAKE ANY OF THE OPPORTUNITY PRESENTED TO US BY THE MARKET.
MANAGE YOUR RISK WELL, AND THE PROFIT WILL COME NATURALLY.
Read our full analysis here: www.fxpresearch.com/...uary-market-analysis
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A shoutout to Online Traders' Club for having me to share about my trading philosophy and the various methodologies that I adopt in my trading. The workshop will be held on 9th of March 2016 (Wednesday) from 715pm to 10pm at CMC Markets Singapore. As part of our effort to guide and show you exactly how we trade the markets, you will also be given the opportunity to receive our trade signals service for FREE for the month of March*.
*Only applicable to those who attend the workshop. We will be collecting your email and contact details to add you into our signals service.
Join us and register for your seat HERE
An ideal scenario play will be price retraces back to the previous Supply Zone, we look for a buy opportunity with targets around the completion of the bearish Bat pattern; and we then look for a short opportunity with the completion of the Bat pattern towards the downside.
Of course, these are all simply trade expectations and projections. One thing, and the most important thing to takeaway from this post today is this:
THE MARKET DOES NOT FOLLOW NOR EVEN CARE ABOUT OUR (AND ALL TRADERS) ANALYSIS. IT DOES WHAT IT NEEDS TO DO. WHAT WE AS TRADERS SHOULD FOCUS ON IS HOW CAN WE BEST PREPARE OURSELVES TO TAKE ANY OF THE OPPORTUNITY PRESENTED TO US BY THE MARKET.
MANAGE YOUR RISK WELL, AND THE PROFIT WILL COME NATURALLY.
Read our full analysis here: www.fxpresearch.com/...uary-market-analysis
------------------------------------------------------------------------
A shoutout to Online Traders' Club for having me to share about my trading philosophy and the various methodologies that I adopt in my trading. The workshop will be held on 9th of March 2016 (Wednesday) from 715pm to 10pm at CMC Markets Singapore. As part of our effort to guide and show you exactly how we trade the markets, you will also be given the opportunity to receive our trade signals service for FREE for the month of March*.
*Only applicable to those who attend the workshop. We will be collecting your email and contact details to add you into our signals service.
Join us and register for your seat HERE