indianfx

This blog will help the new forex traders who are looking for entry and exit and even learn from me


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RETRACEMENT

Its is good to see all the pairs after one side move in past few days are moving  back , what I can see as an opportunity coming in LONDON session to go sell in EURUSD, EURJPY,EURNDZ and EURAUD , 

as the weekly and daily is still bearish I will only look to sell there is no buying signal for me as of now .

will upload the charts once i take any trade , there is small change in the system template so you might see a different chart today , but the logic is still the same.

 

Regards

 


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ACTIVE OR NON ACTIVE DAY

Hello friends after seeing up and down roller coaster ride in forex market with huge buying in morning with the new so OBAMA re elected EUROPE session made the USD weaker and we saw a great move in EURUSD upside, and when people were expecting that US session will again make EURUSD go up and people went long at the support levels and they were in to new shocker EURUSD went down.

As they expected no new reforms or no early changes in Economy , today we will have two RED news which decide the direction of the market ,  If you see EURUSD Weekly chart has clearly indicated that it would go down as well it shows same thing in EURJPY and EURGBP showing clear intention to sell all the EURO pairs .

But with keeping in mind we will trade what we see and not what we think. we wait for the signals and will inform you all if i take any trades till than take care

Regards.