I don't normally trade the NZDUSD but the chart looks very clean we the Pro-Trading System on it. Started to nibble on the short side today. I know the Dollar is playing out a 4th wave retracement and so we should be seeing the NZDUSD pushing higher but, we are I think this could be a good area to enter. Stop placement wouldn't be so far away and the reward would ...
Money Flow index is similar to RSI but I feel presents more buying opportunities, however it's hard to use RSI and MFI to decide when to sell reliably - however making 1% profit per day (on average, don't try to force a trade if the RSI and MFI is high, just wait until it is low) can be done with this method and adds up over time.
Hey guys,
Here we have an at market Bat pattern on EURGBP. This is a 1H pattern against underlying trend but remember to follow your rules.
Will be shooting for a fixed 382 and 618 target on these. Gives us a pretty good RR too.
