Here's a tutorial on my strategy trading the NZDJPY. Currently in a bullish trend and I'm looking for pullbacks and an opportunity to capitalise on each pull back throughout the trend. This is a way we can build our position and continue to take money out of the markets. The strategy is based on trend continuation. Not financial advice.
Do you know what it looks like when you don't have a trade? Let's face it, there are a lot of videos that tells you when to place a trade or how to trade, but not when not to trade and that is what I'm showing you in detail today. I hope you enjoy my mini Ted Talk, I mean mini lesson.
5 of the 7 major pairs are potentially monthly inside bar, only NZDUSD and USDJPY broke the high of October.. Check the video to see what it means to me!
In the screencast I show two possible head and shoulder patterns - with a degree of uncertainty. The bigger issues are signs of a trend change and momentum developing for the south. So, it doesn't matter at this stage where the base of the head and shoulders is. It is a no-loss position I'm in at the moment.