Conservative short, Eur has been on a rally but it's about time for a PB, supported by volume on this case. Nok is strong today, maybe because of Oil moving up. Upward movements have low volume and viceversa. Testing 18 MA on the downtrend as it reaches target.
LOOKING TO JUMP ON THE NZD/CAD TREND LONG
I like this trade fundamentally and technically. The CAD remains weakest in the basket and the NZD is one of the strongest. Our level is drawn at 0.91644 Our 50% entry is also a 2 x ATR Wait for the pullback and enter. Stops below the line of significance 0.5% risk GL 😃
Naked setup
Set a sell stop @1.76799 Tp 1 @ 1.76234 when we reach tp 1 move sl to break even/ entry and take half of the position For the second To @1.77751
!!!POSSIBLE EUR/NZD TREND CONTINUATION SHORT!!!
DAILY CHART: Following a "DAILY TREND BREAKOUT" Price continue to downside with momentum and clear POLR. 4H CHART: Once the BCR will completed of intraday S&D Zone & continuation signs + SNIPER criteria on side execute a trade back down to DAILY S&D Zone. RISK ALLOCATION: 1% Full Sniper System: https://www.tradingview.com/x/C0QKPABL/ Note : Do not take this trade blindly. I am new to Max strategy so this trade idea is just for learning purpose. Do your own analysis too . I am open to hear any of your thoughts/concerns regarding this trading idea, so please feel free to comment down! Trade safe guys!
LOOKING TO JUMP ON THE NZD/CAD TREND LONG
Naked setup
!!!POSSIBLE EUR/NZD TREND CONTINUATION SHORT!!!
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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