How I Trade The NZDJPYHere's a tutorial on my strategy trading the NZDJPY. Currently in a bullish trend and I'm looking for pullbacks and an opportunity to capitalise on each pull back throughout the trend. This is a way we can build our position and continue to take money out of the markets. The strategy is based on trend continuation. Not financial advice.
NZDJPY
When Not To Trade A Currency PairDo you know what it looks like when you don't have a trade? Let's face it, there are a lot of videos that tells you when to place a trade or how to trade, but not when not to trade and that is what I'm showing you in detail today.
I hope you enjoy my mini Ted Talk, I mean mini lesson.
NZDJPY (2H) interesting situation.In the screencast I show two possible head and shoulder patterns - with a degree of uncertainty.
The bigger issues are signs of a trend change and momentum developing for the south. So, it doesn't matter at this stage where the base of the head and shoulders is. It is a no-loss position I'm in at the moment.