MoneyMantraCha

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MoneyMantraCha Updated 

Hey Rich Friends, I am happy that after hours of consolidation, the EU market did sell just as I had forecasted yesterday. It has been a long and slow week for me trading my usual EUR pairs but the big drop, break of structure, and bearish engulfing candle that happened this morning were exactly what I needed! In this video, I will review the strategy...

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MoneyMantraCha Updated 

Hey Rich Friends, I think EU will continue to sell. Here is what I am looking at: - Candles are below both EMAs. My bearish confirmations are met. - MOM is facing down and negative. My bearish confirmations are met. - STOCH facing down, below 50 and the orange line is above the blue line. My bearish confirmations are met. - The current candle has closed...

MoneyMantraCha Updated 

Hey Rich Friends, I think AU will continue to sell. Here is what I am looking at. The market has already tapped into the supply zone. It may retest around 0.64450 or higher. - Candles have crossed below the 50 EMA. - MOM is below 0 - STOCH is facing down, the orange line is above the blue line but the lines have not crossed below 50. Waiting for these...

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MoneyMantraCha Updated 

Hey Rich Friends, Although this trade took some time to develop, I am happy to see that my TP 1 was hit and hopefully the market will continue to sell. I used the same strategy that I posted about in my viral Editor's Pick video, "The Best Forex Strategy I've Used in 3 Years | 4 Indicators" and you can learn more about it by watching it on my Tradingview page....

MoneyMantraCha Updated 

Hey Rich Friends, I think EG will continue to sell for a bit. Here is what I am looking at. Why: - Prior rejections in this area (red rectangle). - Break of structure on the previous candle -MOM is negative - STOCH below 50 WAIT FOR: - Candle to close below 50 EMA SL: 0.87400 or Higher (40 PIPS) TP 1: 0.86600 (40 pips) 1:1RR TP 2: 0.86400 (60 pips)...

MoneyMantraCha Updated 

Hey Rich Friends, I am going to set a Buy Limit order on this idea at 0.59500. If the market revisits this area, my trade will be triggered, and then continue to buy. Here is what I am looking at: - The candle has crossed above the 200 EMA. If the next candle closes above the 200 EMA, the trend will be confirmed Bullish for me - The MOM is positive - The Stoch...

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MoneyMantraCha Updated 

Hey Rich Friends, I am happy to say that after 4 days, this trade has finally hit TP 1 and it looks like it will be moving to TP 2. A classic case of HOLD DON'T FOLD. I used the same strategy I always use in all of my videos with a little bit of supply and demand in the mix. I hope you guys were able to secure some profits from this trade idea even though it...

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MoneyMantraCha Updated 

Hey Rich Friends, Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at: - Candles rejecting price going lower in the demand zone - Candles are above both EMAs and the blue EMA has crossed above the purple EMA - MOM is facing up and positive -...

MoneyMantraCha Updated 

Hey Rich Friends, I am looking at UC for a potential sell, here is why: - Candles coming out of the supply zone. Already rejected - Candles starting to fall below the EMA. Wait for candle to close below EMA - STOCH facing down - MOM is facing down - TP will be below the previous low and SL will be above the previous high Let me know if you see something else! -...

MoneyMantraCha Updated 

Hey Rich Friends, I am looking at GU for a potential buy, here is why: - Candles coming out of the demand zone, it may retrace back to this area. - EMAs look like they are getting ready to cross (wait for the 50 EMA to cross above the 200) - STOCH facing up, but not above 50 (wait for STOCH to cross above 50) - MOM is facing up (waiting for it to be positive) -...

MoneyMantraCha Updated 

Hey Rich Friends, I think AU will continue to sell after retesting the supply zone (0.63340 - 0.63550). I have set a pending order called a Sell Limit. Here is what I am looking at: - Resistance in the supply area - Candles are below both EMAs - MOM is below 0 and negative - STOCH is below 50, orange is over the blue Please check the news and be mindful...

MoneyMantraCha Updated 

Hey Rich Friends, I think NZDUSD will continue to sell. Here is what I am looking at: - Candles are in a previous resistance/supply zone - Momentum is negative - Stoch is facing down, the orange line is above the blue line You should wait for: - Candles to close below 0.59750 - Stochastic to cross below 50 - CHECK THE NEWS I will set a pending order called...

MoneyMantraCha Updated 

Hey Rich Friends, I think USDCAD will continue to buy, just looking at the technical indicators. - The market has already tapped into and rejected the demand the zone. - The STOCH is facing up, the blue line is above the orange line and it is looking to cross 50% - Candles are above the EMAs. Make sure you check the news also! I am in this trade for a buy...

MoneyMantraCha Updated 

Hey Rich Friends, I think that AU will continue to sell today, this is what I am looking at. However, REMEMBER TO CHECK THE NEWS AND YOUR CHARTS BECAUSE IT IS NFP WEEK. - Previous resistance in the supply zone - Break of structure on the downside from the previous candle - MOM is facing down but not yet below 0. You can wait for it to cross below 0 for added...

MoneyMantraCha Updated 

Hey Rich Friends, I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at. - The candles have already tapped into and rejected a previous demand zone - The candles have close above the 50 EMA and 200 EMA - The momentum indicator is facing up,...

MoneyMantraCha Updated 

Hey Rich Friends, Happy New Year! I am so excited to be back and sharing trade ideas with everyone! Cheers to a peaceful and profitable year! I think GU will make a quick bearish move this week. Here is what I am looking at: - The most recent candle broke structure on the downside. - The most recent candle closed below the 50 EMA. - The momentum indicator...

MoneyMantraCha Updated 

Hey Rich Friends, Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at: - The most recent candle has rejected the previous supply area - The momentum indicator is facing down - The slow line (orange) is above the fast line (blue) on the stochastic...

MoneyMantraCha Updated 

Hey Rich Friends, This is only my technical analysis of EURUSD, which means you should still check the news and confirm with your indicators. I think EU will continue to see this week, and here is what I am looking at: - The first thing I noticed was tha gap that needs to be filled in the market which I have highlight on my chart. The market will always...