potential high from current low. Notice there is similar amount of days the LS peaked. This pair is great to trade i believe for beginners. The reason is the movement is slow paced, you can detect patterns, and trends easily because of the overall movement. Also this pair build patients because in order to make good cake you need to wait, and wait and wait. nothing against trading fast moving pairs like EUR/USD, or USD/JPY. Simply just a note for any newbies trading currency.
Reversal Patterns
- Thread starter gartley222
- Start date
On the right track good trading all.
NZD down on the daily chart.
USDCAD potential low form?? who really knows with tomorrows rate decision.......
Sunday into monday morning we could see Euro go up a few pips (30-60). However overall direction is down.
regards to prior post
Quote from krishiyer:
Hi
Iam just curious to know if you are short GBP & long Euro what is the debit interest in your a/c per day for say standard 100,000 contract?
same way if you short NZD against USD ?
Thanks
I sent you an IM
This is a 240min chart. Looks like next week USDCHF might go down.
CHF daily may be peak as well. However if the high is taken out then we may be able to assume AB=CD as the chart shows. with the 100day moving average (in blue) hitting this current top i believe it will be down over all. It is nice to look at the other perspective as well (potential Gartley).