Forex NZDCAD 12/15/2020
Hey Guys It's me Onesiphoro In this Blog I will show you and explain my
trading plan for NZDCAD 12/15/20. In my previous blog and just like what I always
explain as a trader we need to follow 1 formula which is effective in FOREX which
is we need to look first at the higher time frame in my case it's Monthly, for what
reason? to identify the trend direction of the market in this currency NZDCAD.
Base on my own perspective this trend is going short in the monthly chart
though I am not a swing trader and don't have a plan to use swing trade in this
area just in case you wanted to feel free to do so because there is a higher chance
that it was short but as you can see there seems to be a retracement going on in
between the support and resistance.
Ok finally and the 1-hour chart in which I usually make a decision to make a
position you can also look for a 30minutes chart for a proper momentum but
occasionally I usually chose to make a decision in this time frame.
see you on my next blog.
Base on my own perspective this trend is going short in the monthly chart
ReplyDeletethough I am not a swing trader and don't have a plan to use swing trade in this
area just in case you wanted to feel free to do so because there is a higher chance
that it was short but as you can see there seems to be a retracement going on in
between the support and resistance.
In FOREX sometimes the trend is different in the different time frames but right now in NZDCAD 12/15/20 it seems to me all of the time frames are on the same side.
ReplyDeleteIn FOREX sometimes the trend is different in the different time frames but right now in NZDCAD 12/15/20 it seems to me all of the time frames are on the same side.
ReplyDeleteIn FOREX sometimes the trend is different in the different time frames but right now in NZDCAD 12/15/20 it seems to me all of the time frames are on the same side.
ReplyDelete