Good morning guys, how was the market for you guys yesterday? Some pairs are volatile some are not, and I congratulate those that have make huge profit from the market. And for those that doesn't, keep trying and never give up.
Yesterday Nzd was very weak and it still is very weak at the moment, I know some traders spot this on time.
Meanwhile GbpNzd price has moved almost 200 pips towards bullish side and I think it's now clear to buy this pair at 1.9300 area to anywhere we spot reversal.
What do you all think about my position? And by the way thanks for visiting my journal.
I wish you all the best today.
If you take a look at the weekly frame you will find that the price has broken the high of last week candle and this is very important because it means that we might get an engulfing pattern on the weekly frames by the end of this week
But I do not think this bullish movement will last long because the price might be on its way to test the broken bullish trend on the daily chart
Last edited by fadilah; 06-12-2019 at 07:06 AM.
Good Morning, how about your trading mate? Thanks dear for congratulating us because we have made profits yesterday, well dear you are right nzd/usd is showing the bearish movement that's why it will continue its sell off movement while the other one pair of gbp/nzd has braked the trend line so you have the golden chance if you will bought it now
I also had planned to take sell from 1328 but some how the other reason I did t go for it and that was my mistake because gold went to 1319 and then again started bullish trend.
Well your analysis seems really good thank you so much for sharing it here.
If you are on this pair then wish you all the best
I hope you get good profit from your trade.
fragileís trading journal
Anyway, the after opening forex market of this week gbp is looking ahead to the all currencies. That's why I hope today the British pound will gain and all buyers of this pair will be the winner.
Mate, I am a fan of your analysis, Rest of the day you will be with us with your best analysis.
The Key to get success in forex is money management and stop loss