Maybe next week this pair will meet the conditions of entry. For now no one knows how the daily upper band and the weekly middle band will behave.

Simple and profitable trading style

The pair worth monitoring with the strategy is AUDNZD. It's gradually moving.

Simple and profitable trading style

There are two important things about the EURAUD long trade. 1. We can see how middle can stop any advance movement by bears. As I have always said middle band acts as a potential support and resistance. 2. I have also said that the weekly candle SL, ...

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Second sideways movement around the area again, then resistance

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NZDJPY continues to draw my attention. Before the support ( now acting as a strong resistance ) got broken candles lined up along the support and bollinger band squeeze was formed. It's repeating itself now - forming BBSqueeze around the resistance.

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I will continue to remind you that middle band always acts as potential support and resistance. It's like a breakout when candle closes above/below it

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The reason for bringing monthly now is the fact that no bullish candle has been able to close above the middle band on the monthly. November bullish candle did and very strongly closed above the middle band.

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Monthly is too strong to be ignored. I do not see any game changer here for now. You must also know that it takes longer time for longer time frames setup to finally obey. For using monthly to hold our position requires a great deal of patience.

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NZDJPY is getting trapped below broken support, now acting as a strong resistance. I have the charts of the broken support. I have shared them before. I have seen that it's a valid resistance now.

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A pilot might as well be given a plane to fly passengers after a month of simulation. He/she can use the lives of the passengers to know emotion in piloting, much more funny.

Which of these Australia or New Zealand brokers?

I appreciate.

Does Regulation really matter in Forex

Another great thing about CADCHF is that no bullish candle has been able to close above the middle band since March 2013 on the monthly chart. I believe we have better days ahead and that were able to catch the trend at the beginning.

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The most "unfaithful" pairs to this strategy are the GBP pairs. Uncertainty too high.

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It has the high probability to break above. The monthly too strong. S/R are never a concrete wall

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What made the November candle so strong, in addition to being bullish body, is the fact that it has a long lower shadow supported by lower band breakout. The movement may not be surprised, now that we knew what monthly already had in store for us.

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I just decided to check what the monthly was doing in CADCHF, since my entry was purely based on daily. I observe that there was already a strong move by November candlestick. It was closed above the middle. Here is the chart.

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Great thanks for your education. It means that regulatory agents can't even help traders who find it difficult to withdraw profits/capital

Does Regulation really matter in Forex

It's part of learning stage. I have been in a position that all the candles of the week went against the position, before it obeyed. This is what we will continue to learn. I would say keep to risk management.

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Sorry I did not get this when it came. EURAUD is late to get in now. Check the second to the last chart I shared. SL was below the weekly bullish candle. Check it

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Thanks

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