MoneyMantraCha

MoneyMantraCha Updated 

Hey Rich Friends, I think USDCAD will continue to buy this week and here is what I am looking at: - The market has already resisted the previous demand zone - The previous candle was a bullish engulfing, confirming the buying trend - The 50 EMA (blue) has crossed about the 200 EMA(purple), confirming the buying trend - The STOCH is facing up, both lines are...

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MoneyMantraCha

Hey Rich Friends, I think AUDUSD has the potential to continue to sell, here is what I am looking at: - Candles entering and rejecting the supply zone - Momentum is low but not yet below 0 - STOCH facing down, no longer overbought and the orange line is above the blue line. Pending orders are recommended. SL will be above a previous high and TP below...

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MoneyMantraCha

Hey Rich Friends, Today, I will explain how I use market orders when trading in the Forex Market. By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance. Here are 5 Types of orders you should know: 1. Market Execution: Buying or Selling at the...

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MoneyMantraCha

Hey Rich Friends, One of the greatest features that I have ever stumbled upon on Tradingview was the "Indicator Templates." If you are new to trading and need a simple strategy you can build upon, why not try one that is already built into your chart? In this quick video, I will explain: 1. How to access Indicator Templates 2. 3 simple trading strategies (Bill...

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MoneyMantraCha

Hey Rich Friends, Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest. Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic (turn on price line) Bullish...

MoneyMantraCha Updated 

Potential Market Execution or Sell Limit at 0.6723 or higher. Strong rejection in this area. MOM and STOCH also facing down which is a sell confirmation for me. I am going for a 1:1RR, 40 pips.

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MoneyMantraCha

- Break of structure on the downside. - Candles below 50 EMA - MOM and STOCH facing down. - STOCH below 50 line and the orange line is above the blue line. Sell Stop Triggered At 0.62200 SL: 0.62600 OR HIGHER (40pips or more) TP 1: 0.61800 (40 pips) 1:1RR TP 2: 0.61600 (60 pips) 1:1.5RR TP 3: 0.61400 (80 pips) 1:2RR

MoneyMantraCha Updated 

- Break of structure on the downside. - Candles below 50 EMA - MOM and STOCH facing down. - STOCH below 50 line and orange line is above the blue line. Sell At Market Execution Or Sell Stop At 0.62200 Or Higher SL: 0.62600 OR HIGHER (40pips or more) TP 1: 0.61800 (40 pips) 1:1RR TP 2: 0.61600 (60 pips) 1:1.5RR TP 3: 0.61400 (80 pips) 1:2RR Result: Pending...

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MoneyMantraCha

It seems to be resisting off of the Weekly/Daily zone of around 1.31400 but you can always find a lower or better entry point like 1.30500. The candle broke its structure on the downside. MOM and Stoch facing down. MOM below 0. The orange line is on top of the blue line on the Stoch. Bearish conditions are met. TP 1, 2, and 3 hit!

MoneyMantraCha Updated 

It seems to be resisting off of the Weekly/Daily zone of around 1.31400 but you can always find a lower or better entry point like 1.30500. MOM and Stoch facing down. MOM below 0. The orange line is on top of the blue line on the Stoch. Bearish conditions are met. Sl: 1.30900 Or Higher (40 Pips) Tp 1: 1.30100 (40 Pips) 1:1RR Tp 2: 1.29900 (60 Pips) 1:1.5RR Tp...

MoneyMantraCha

Break of structure on the downside. Bearish confirmation. Stoch is facing down, crossed below the 50% line, and the orange line is above the blue line. MOM is facing down. TP 2 hit! 0.67550

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MoneyMantraCha Updated 

Break of structure on the downside. Bearish confirmation. Stoch is facing down, crossed below the 50% line, and the orange line is above the blue line. MOM is facing down. TP 1 HIT +40 PIPS TP 2 is PENDING but it might take a while. On to the next trade for me.

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MoneyMantraCha Updated 

NZDUSD was bearish last night and this trade idea hit TP1. My sell limit idea triggered at 0.62200 with prior rejections to this area, the MOM facing down and the Stoch crossing back below the 80% line from being overbought. Bears have some power left and I would not be surprised to see a TP2 and TP3 on this trade.

MoneyMantraCha Updated 

Sell At Market Execution Or Sell Limit At 0.66850 Or Higher Sl: 0.67250 Or Higher (40Pips Or More) Tp 1: 0.66450 (40 Pips) 1:1RR Tp 2: 0.67250 (60 Pips) 1:1.5RR Please Do Your Own Analysis And Use Proper Risk Management. Only Take This Trade If It Makes Sense To You.

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MoneyMantraCha Updated 

Buy at Market Execution or Buy Limit at1.27050 or Lower SL: 1.26650 OR lower (40 pips) TP 1: 1.27450 (40 pips) 1:1RR TP 2: 1.27850 (80 pips) 1:2RR 1. Candles Are Above The 50 And 200 Emas: Bullish Conditions Met 2. Mom Facing Up And Above 0 3. Stoch Facing Up, Above 50, Blue Above Orange Result: Pending Please Do Your Own Analysis And Use Proper Risk...

MoneyMantraCha Updated 

Sell At Market Execution Or Sell Limit At 0.68350 Or Higher Sl: 0.68750 Or Higher (40Pips or More) Tp 1: 0.68950 (40 Pips) 1:1RR Tp 2: 0.67550 (80 Pips) 1:2RR Result: Pending Break of structure on the downside. Bearish confirmation. Stoch is facing down, crossed below the 50% line, and the orange line is above the blue line. MOM is facing down. Please Do...

MoneyMantraCha

Original Idea Buy At Market Execution Or Buy Limit At 1.09800 Or Lower Sl: 1.09400 Or Lower (40 Pips) Tp 1: 1.10200 (+40 Pips) 1:1RR Tp 2: 1.10400 (+60 Pips) 1:1.5RR Tp 3: 1.10600 (+80 Pips) 1:2RR Result: TP 1 HIT! TP 2 HIT! TP 3 HIT! _____ EU Bullish trend is confirmed. The green candle is forming above the 200 EMA. MOM is facing up and about to cross...

MoneyMantraCha Updated 

Original Idea Buy At Market Execution Or Buy Limit At 1.09800 Or Lower Sl: 1.09400 Or Lower (40 Pips) Tp 1: 1.10200 (+40 Pips) 1:1RR Tp 2: 1.10400 (60 Pips) 1:1.5RR Tp 3: 1.10600 (80 Pips) 1:2RR Result: TP 1 HIT! TP 2 and TP 3 Pending _____ EU Bullish trend is confirmed. The green candle is forming above the 200 EMA. MOM is facing up and about to cross above...