Most Volatile Currency of 2017?USE A STOP LOSS.
I'll let smarter traders short this baby while I stick with the bullish trend by buying the pullbacks.
Responds to news!
Stagflation in progress. Use a stop loss!
They're doing everything they can to stabilize their currency .
It's just not going to help if Erdogan cannot produce stability. Opportunity arises! Sad for the news, tho. Make no mistake about that. Welcome to the cold market.
Monitor support and resistance zones as these are most stable. Presently the usdtry is within a channel.
Approximately 0.028 per microlot with my broker.
H4
NDZCHF Important Level Bounce-off to Resistance ZoneIn my point of view, the price either bounces off from my weekly important level or it already did bounce off, as you cannot expect the price to hit the line but better view it as a zone. I guess that could be a nice long position up to .71500. If any advice you have towards my trading or the pair, share it with me! I am just a beginner.
AUDUSD quick consolidation and SHORT below 0.7100Two scenarios for today did not go as I planned, I put here my honest scenarios, in of which I truly believe, I work with long term data based on usual market behavior. I use my strategy called Mikado. I will describe, how it works for me on the next EURUSD idea.
USDJPY H4 Short Setup OpportunityUSDJPY remains bearish on the monthly and weekly charts. We had a nice move up last week but that appears to have failed to break this downward momentum we currently find ourselves in at the moment. This is my current trade on H4 USDJPY and will remain this way until we've retested that low.