Took this 4H trade in GBPNZD. Didn't expect it to go down this fast actually. Closed near 2.24 for 150 pips gain.
Best,
Best,
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DislikedHad asked this question on the other tms thread, but got no answer. Came across a new term. What is a left cross and right cross on the tdi. Seniors help will be much appreciated.Ignored
DislikedGood Morning TMS I thought of posting this chart as am doing pairs analysis , today FOMC later on at NYO GJ played a previous ABCD pattern, hits channel resistance and might be forming another ABCD to the down side, so definitely watching this pair at LO or Pre_LO today Again follow ur own plan, good luck. {image}Ignored
DislikedJust a simple view for what price action can do as this Foolish Fed might or might not raise Fed Funds rate. A rate hike will logically strengthen USD in the short term. Longer term effect probably results in a weaker US economy and recession. It won't take long to see it begin to weaken as business and industry stops to change their business models to running on the 'Fed stupid model 2.0'. The US stock market correction gets a 50-75% haircut over the following 18-24 months. The really bad effect is that trying to reverse the effect of a rate hike...Ignored