The reality of trading is that you're not going to win all the time. Infact most times it'll feel like you're losing because the losses cut deep. But if you're a good mathematician you'll understand that even if the number of your losses and wins are same you can still be PROFITABLE.
NZD/JPY - potential long opportunity. If the market retraced back down to the lower support level. A long (buy) opportunity will then become available. As you can see from the chart analysis. This currency pair has bounced off this support level, every time since 2009. this further supports a possible long entry.
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DAY TRADE - EXPIRES AT 9PM
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 72.25.
Positive overnight flows lead to an expectation of a firm open this morning.
Dips continue to attract buyers.
Further upside is expected although we prefer to set longs at our bespoke support levels at 72.25, resulting in improved...