HABIB NIAZI TRADING JOURNAL
Zenia Trading Journal
Technical Analysis of the Eur/Nzd:
How is your weekend and what is your schedule for the today, only few hours are left from the new week and at the mid night time the market will be opend again and I am waiting for it patiencely.
This will be my last update for this day I observed to the Eur/Nzd, it has tested the demand zone and been rejected from the strong demand zone and now showing some strength so according to my opinion this asset is ready for the bullish rallied again and it will test the top resistance again and if it will rejected from the resistance than it will be in this horizontal range, but alternatively if it will broke the resistance than it will continued the bullish rallied for the longer term but in the present situation prefer to purcahse it.
My Trading Journal: GENERAL trading Journal - New Trading System In The Making
EUR/NZD trading is most difficult and we are not able to open a trade on it and further if you see the current four-hour candle on your chart then it is looking that bears are returning in the market and now they can reverse this pair i will suggest you to wait for the close of this H1 candle
and if you get the confirmation of sell then go short on this pair otherwise it is wise to stay bullish on this pair for now so bullish trend is looking clearly.so please all try must try try again.
Gold analysis and Current Trade's:
This week is very important and dramatically movement is expected in the market due to the Non-Farm-Payrolls and due to the ADP report market will dance's so be careful mate's.
Earlier today I was woked up to observed the market condition but the market was closed so that's why I sleep again and now I woked up and I observed that the bears are dominator at the Gold so that's why I Sold the Gold once again, overall this week all of these trades are with out by following the risk and reward ratio, I was already in the big loss that I have to recover so that's why I have opened these dangerous trade's, by the way my scenario about the Gold has not been changed and according to my opinion it will continued the sell off movement and in the longer term scenario it will tested the 1355.