Smartmoney
NZD-JPY Will Keep Growing! Buy!
Hello,Traders!
NZD-NZD is now trading
In a local uptrend and the
Pair went above the key
Horizontal level of 87.000
Which is now a support
Then made a retest and
Is going up again now
So we are locally bullish
Biased and we will be
Expecting a local
Bullish move up
Buy!
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USDCAD: Long Signal Explained
USDCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USDCAD
Entry Point - 1.3745
Stop Loss - 1.3700
Take Profit - 1.3818
Our Risk - 1%
Start protection of your profits from lower levels
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Trading NZDUSD | Judas Swing Strategy 06/08/2024Every trader relishes ending the trading week positively, and that was precisely our experience last week. The Judas Swing strategy produced two trades, one on EURUSD and the other on GBPUSD, both of which turned out being winners. This positive experience has heightened our excitement for the possibilities that this week may bring. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises:
- Setting the timezone to New York time
- Confirming we're on the 5-minute timeframe
- Marking the trading period from 00:00 - 08:30
- Identifying the high and low of the zone
After 25 minutes, there was a sweep of liquidity at the low of the zone, indicating we will be looking for potential buying opportunities this trading session. Following the liquidity sweep, there was a break of structure (BOS). Now, we simply need to wait for price to retrace into the fair value gap (FVG) that was created before entering a buy position.
The subsequent candle entered the Fair Value Gap, indicating that upon its close, we could execute our trade as all the prerequisites for entry on our checklist were satisfied.
This position barely experienced any drawdown, as it became profitable 25 minutes after executing the trade. We risked a mere 1% of our trading account, aiming for a 2% return from this trade. All that remained was to wait patiently, having already accepted the outcome of our trade, be it a win or a loss. Based on the data collected for NZDUSD, we anticipate an average trade duration of six hours and fifteen minutes.
After 45 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on NZDUSD, resulting in a 2% gain from a 1% risk on the trade.
AUD_NZD SUPPORT AHEAD|LONG|
✅AUD_NZD is approaching a demand level of 1.0844
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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NZDUSD: Bearish Continuation & Short Trade
NZDUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry - 0.6012
Stop - 0.6059
Take - 0.5937
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD: Short Signal with Entry/SL/TP
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.0918
Stop Loss - 1.0949
Take Profit - 1.0867
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️