Easiest strategy to buying and selling currencies using Vertical Trendlines and Horizontal trendlines.
Okay trader, please start by following my handle here for more of these analysis.
I have picked up a pattern on NZDCAD, as you can see, on my ascending Resistant Trendline, i have 2 touches already for the Ascending channel, a 3rd touch is imminent for the channel to complete its bullish move, then we can expect a change of direction.
And, the price has Broken and Retested price 0.90002 on horizontal trendline. and now we are heading towards price 0.92550 where the market has previously rejected the price - so, that is where there will be another rejection and a 3rd touch (a very sensitive touch on the Vertical trendline) before the market can fall going for another 3rd touch on our uptrending Support!!!!
Please do leave a comment below and tell me hwat you think of this idea, does it help with your strategy...does it make sense?
Remember, i only trade similar patterns in the market. Find the winning patterns, and trade them repeatedly until the market gives you all the good results you deserve!
Apply proper risk management. The longer your stop loss, the smaller your lot size on your account!!!!
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