Analysis:
Bearish Confluences
Bullish Confluences
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Bearish Confluences
- Longer term downwards trend
- Retesting an area of significance
- The NZD is the weakest major currency whereas the CAD is the 3rd weakest major currency
- 7K long position decrease for the NZD
- 15K short position decrease for the CAD
- Recent CAD news has been bullish
Bullish Confluences
- 1K short position decrease for the NZD
- 21K long position decrease for the CAD
- Recent NZD new has been bullish
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active:
Our entry criteria has been met and our order has been filled. We are short looking for this downwards trend to continue as the CAD strengthens and make a move even lower then before.
Trade closed: stop reached:
s3.tradingview.com/s...shots/t/Tw2UWL7z.png
Trade Closed
(-1R) Lost
After Trade Comments:
This was a trade which we took this morning, however we were stopped out of this trade later on in the day due to some CAD weakness after a slightly worse then expected news event for the CAD. From the start price moved against us and went straight to our stop loss which whilst is annoying, at least the loss is over and done with quickly. In trading you need to let your winners run and you need to cut your losses early which is exactly what we did and so should you. You need to exit out of those losing trades as soon as possible to stop your account from going into substantial drawdown and you need to let those winners run and maximise your profit from them as it's these trades which can massively change your trading for the better. With this trade over and done with quickly, going into next week we now have more possible setups that we can capitalise on so we'll be looking out for them as always!
Stay Safe - The JPI Team
Trade Closed
(-1R) Lost
After Trade Comments:
This was a trade which we took this morning, however we were stopped out of this trade later on in the day due to some CAD weakness after a slightly worse then expected news event for the CAD. From the start price moved against us and went straight to our stop loss which whilst is annoying, at least the loss is over and done with quickly. In trading you need to let your winners run and you need to cut your losses early which is exactly what we did and so should you. You need to exit out of those losing trades as soon as possible to stop your account from going into substantial drawdown and you need to let those winners run and maximise your profit from them as it's these trades which can massively change your trading for the better. With this trade over and done with quickly, going into next week we now have more possible setups that we can capitalise on so we'll be looking out for them as always!
Stay Safe - The JPI Team