Forex Trading 2018- TA/FA- Setups and discussion, page-3871

  1. 2,131 Posts.
    lightbulb Created with Sketch. 3
    Hi Tela

    Just my 2 cents worth on EURNZD

    Its stuck within a Kings Box around a Monthly Line so its in CONSOLDATION and its going NOWHERE soon.
    I wouldn't take a trade until it leaves this box. I would take the trade in the direction of the breakout from the Box.
    So to me it would be a bad trade - it hasn't decided where its going yet so why take a gamble.
    The Weekly is Bullish but this movement has stalled so I have No trade Bias at present.

    I like the look of GBPCAD for a Sell next week but again its resting around a monthly line so I am waiting till it moves down hopefully on Tuesday or Wednesday.

    I must say Trumps making it hard for us Day Chartist's.

    en Day.png
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.