Four currency pairs that I'm long on include: USD/MXN, CAD/CHF, USD/JPY, and GBP/HUF. I feel like USD/MXN is due for a reversal where it has positive retracement. CAD/CHF has more support levels to pick up. USD/JPY has long sentiment. GBP/HUF is also due for a positive retracement. The patterns for USD/MXN seem there overall. As always, please proceed at your own...
Hi, EURNZD has been quite a good trading pair with a high success rate. Buy criteria: 1. The trendline 2. The round number 1.68000 3. AB=CD 4. 2014 high should act as a support level 5. Fibonacci retracement Golden Ratio 62% 6. Fibonacci Extension 161% 7. Previously worked support level. 8. Possible RSI Divergence 9. Wait for a bullish candlestick formation...
Hi, We got a bearish candlestick pattern on the 4H chart called Evening Star. The rejection came from the EMAs crossing area and the old strong support area worked perfectly as a resistance. Actually, the biggest action was made on the Daily timeframe and on Friday. At the moment, the current price action just confirms Fridays bearish Engulfing close. The entire...
Hi, Firstly, watch out for NFP but the area looks promising: 1. Channel projection 2. AB=CD 3. Strong area 4. Trendline 5-7. Minor short-term trendlines, AB=CD etc. 8. Wait for a bearish candlestick formation around the entry area! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! ...
There are many trading strategies out there in the world but it all does not suit us perfectly!. Therefore we end up looking for a new or revised strategy and customize it to our needs. Here i am going to explain one of the best strategy to approach the market when one FX currency has been showing bullishness both fundamentally and technically as well as...