ways to find true trends l exit and entry rules in Forex

Forex strategies ways to find imbalance on a currency chart

Trading has been quite choppy and reason being the expectations and japan and Britain focus has now again been shift to Federation and next meeting will be a concern that september rate hike talks would be strong and we can see a hike next month when federation member met for the policy discussions.

Ways to find true trends

Its always important for us to know the trending pairs and play a waiting game till the price itself talk about the next move. No laughing stroke, as I see chart talking about the next move and that is what a trader has to look out for. Recent price action in Aud/nzd tells me that parity is again on the cards specially when so many rejects and overall bearish trend is roaring and we see another rejection Friday and test of 1.0700 area will be rejected once again and we can see 1.0450 and 1.0270 are and that will be a much better trade entry with no risk at all.

Entry and Exit Rule

Sell stop at 1.0700

stop around 1.0735

Target first 1.0580

Target second 1.0450

I really want to test If price has rejected with purpose and supply from 1.0700 has been tested twice and reason I am quite confident that Price has engulf the last flag which was protected while it was tested last time and this time price has strongly rejected from the supply again and this time engulfing the demand strongly and that is the reason any test of 1.0700 will be rejected and that is why I always trading pairs which are trending and have clear swings and have least risk involved.

Swing trading is not easy but logic behind Swing trading is quite simple and you don’t need any help of Indicators and other technical tools to spot the involvement of strong money as they hardly watch any chart to move the price and they use charts only for one purpose and i.e stop hunting. That trade of Aud/nzd can really help you trade naked charts once I post the chart in my next post of trade diary for the week August 14th 2022.

Related Posts

Institutional Traders Left shoulder price action -How to trade Head & Shoulders pattern

Forex head & shoulder patterns > As I’ve already mentioned that most of the price action patterns failed because all of are probably based on fibo ratios,…

Time to Revive the Forex Education Stop hunting process

Forex Price Action with Stop hunting process As all of you know that Forex is a place where there are enough orders to execute the facilitation &…

Is this market really fundamentally driven ?

I’ve seen market takes turn based on what big players are focusing. Federation and Trump & OPEC, people with big guns turns the market at will. How…

Usd Franc Upate Possibly eyeing 0.9931 source of the origin for the next leg down

Check The Usd/chf chart here

Forex Mistakes That Could Cost You Millions of Dollars

Kind of trading stage:Market Maker Key component. Market producers make managing focuses that give “fake” costs for certain cash sets. At the point when the client makes…

How to find Imbalance on a chart– Supply and demand Indicator

Forex strategies ways to find imbalance on a currency chart It has been quite a busy week but at the end of the week as it happen…

Leave a Reply

Your email address will not be published. Required fields are marked *