Telah dikemas kini

Why you should always wait for the break of trend

Hi Guys this is a quick lesson from today's live chart USDZAR. Most people are looking to short the Dollar today so in today's trading Room I looked at this particular chart and advised that you only open a trade once price has pushed lower and given a short trade set up. You'll see from the chart that it was tempting to open a short on a fib retracement and you'll also see the reason why it was a bad idea.

I'll update this lesson as price develops

Steve Nixon
Trainer & Mentor @logicfxtrading.com

Nota

Here is the same scenario on the GBPZAR. Yet again I suggested we wait for a pullback and set up before getting involved (if at all)

Nota

The above chart was drawn before the spike

Nota

As predicted

SteveNixon

Twitter: twitter.com/logicfxtrading

Facebook: facebook.com/logicfxtrading

Telegram: t.me/logicfxfreetrades

Flipboard Magazine: tinyurl.com/yazs9szc

Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

SteveNixon

Twitter: twitter.com/logicfxtrading

Facebook: facebook.com/logicfxtrading

Telegram: t.me/logicfxfreetrades

Flipboard Magazine: tinyurl.com/yazs9szc

Juga pada: