8 Jul 2022

8 July 2022 (Trade Example): NZDUSD

 NZDUSD short trade on 8/7/22

Pre-Analysis:-

- Correlation shows USD stronger than NZD. Fundamental sentiment also shows USD stronger than NZD. Trade may classified as A trade.



Update:-
- This trade did not work.
- Should not take this trade, as range after testing area not develop.
- There was a chance to scratch this trade if entry was taken, so we might not suffer loss or the worst part is loss with small amount.













7 Jul 2022

7 July 2022 (Trade Example): CADCHF

 CADCHF long trade on 7/7/22

Pre-Analysis:-

- Fundamental CHF was weak, on CPI m/m result. CADCHF got strong breach on 1/7/22, this support for long trade. Strength number also support CAD as a stronger then CHF. This trade can be classified as B trade.



- Entry around London opening (3:00pm)






6 Jul 2022

6 July 2022 (Trade Example): NZDUSD

 NZDUSD short trade on 6/7/22

Analysis:-

- Strength number


- Hourly chart & area of breach:-


- Yesterday breach of entire trading day (the day before 4/7/22).
- Today (6/7/22) price started pulling back and it came back to the breach area.
- Any sign of pullback finish then it may give opportunity for entry.

- Pullback phase reading on M15 chart:-


Update:-

- This trade unable to break lower. It came back up.
- It was not ready yet.









1 Jul 2022

1 July 2022 (Trade Example): GBPJPY

 GBPJPY short trade on 1/7/22

- Strength number GBPJPY (-3, +7)




Update:-
- This trade able to give profit