To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=forex_trading_strategies&ad=4UW7LdCX-Fo Of course using the trade manager, it did take the trade to break even and the market turned right back around, took us out at break even, and started moving higher now above our blue-shaded area. So, for the time being, not in a trade on the NZDUSD, waiting for a new opportunity to rise, and it may be today that we have to wait for it to reach all the way back up here to the green-shaded area if we’re going to go short again. If you’re looking to go long, this may be becoming the opportunity to do so. I still would look for the open and close above the 0.7155, 0.7160-level, this blue-shaded area if it can stay above here and then dip down into it as support, and I would use an example and I’ll just take this red circle right here and pull it over here. I’ll use this example right here, where the red circle is. You could see how the market pushed above the blue zone, dipped back down to its support, giving you a lower risk and higher reward trading scenario and targeting the green zone. So, if you’re looking to go long, at least wait for something like this to happen here in the red circle before you look to go long because going long at the very top of the run is not a good investment decision. You want to buy at a lower price, so you’d actually prefer it, like it did here in the red circle, to dip back down to the blue zone if you’re going to look for a long opportunity, because you know that your risk there is that it breaks back underneath that blue-shaded area. So, to make your risk smaller, you wait for it to go back down, like it did there in the red circle. So, if you’re looking to go long, wait for it to open and close above the blue zone, come back down, find support, and then rally back towards the green zone. If you’re looking to go short again, then we have to wait for it to reach all the way back up to the green zone or push back underneath the blue zone for the NZDUSD today. https://www.youtube.com/watch?v=4UW7LdCX-Fo Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.
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