MoneyMantraCha

MoneyMantraCha Updated 

Hey Rich Friends, I think AU will continue to sell. Potential Market Execution or Sell Limit. -The market has continued to reject this area 3 times. - The MOM is facing down. I am waiting for it to cross below 0. - The STOCH is facing down, below 50 and the orange line is above the blue line. I stick to simple indicators and confirmations with this...

MoneyMantraCha Updated 

Hey Rich Friends, It looks like AU will continue to buy. Here is what I am looking at: - The candles are above the 200 EMA and have crossed above the 50 EMA - The MOM is facing up and above 0. - The STOCH is facing up and the blue line is above the orange line. I am waiting for it to cross above 50. I am looking to buy at Market Execution or set a buy limit...

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MoneyMantraCha Updated 

Hey Rich Friends, This quick video will explain how I easily find my TP and SL for my Forex Trades. I've noticed how many new traders struggle with this, so hopefully this video will help. Here is what I do: 1 . Identify the overall trend of the market. It is important to understand that a Selling market will look like a roller coaster going up, have more...

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MoneyMantraCha Updated 

Hey Rich Friends, EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at: - Prior rejections in this area (red rectangle) - Candles below 200 EMA - 200 EMA preparing to cross 50 EMA on the Weekly time frame -MOM is negative - STOCH below 50 - GBP news on Tuesday, Wednesday, and Thursday Market Execution Or Sell...

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MoneyMantraCha Updated 

Hey Rich Friends, I am happy that after hours of consolidation, the EU market did sell just as I had forecasted yesterday. It has been a long and slow week for me trading my usual EUR pairs but the big drop, break of structure, and bearish engulfing candle that happened this morning were exactly what I needed! In this video, I will review the strategy...

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MoneyMantraCha Updated 

Hey Rich Friends, I think EU will continue to sell. Here is what I am looking at: - Candles are below both EMAs. My bearish confirmations are met. - MOM is facing down and negative. My bearish confirmations are met. - STOCH facing down, below 50 and the orange line is above the blue line. My bearish confirmations are met. - The current candle has closed...

MoneyMantraCha Updated 

Hey Rich Friends, I think AU will continue to sell. Here is what I am looking at. The market has already tapped into the supply zone. It may retest around 0.64450 or higher. - Candles have crossed below the 50 EMA. - MOM is below 0 - STOCH is facing down, the orange line is above the blue line but the lines have not crossed below 50. Waiting for these...

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MoneyMantraCha Updated 

Hey Rich Friends, Although this trade took some time to develop, I am happy to see that my TP 1 was hit and hopefully the market will continue to sell. I used the same strategy that I posted about in my viral Editor's Pick video, "The Best Forex Strategy I've Used in 3 Years | 4 Indicators" and you can learn more about it by watching it on my Tradingview page....

MoneyMantraCha Updated 

Hey Rich Friends, I think EG will continue to sell for a bit. Here is what I am looking at. Why: - Prior rejections in this area (red rectangle). - Break of structure on the previous candle -MOM is negative - STOCH below 50 WAIT FOR: - Candle to close below 50 EMA SL: 0.87400 or Higher (40 PIPS) TP 1: 0.86600 (40 pips) 1:1RR TP 2: 0.86400 (60 pips)...

MoneyMantraCha Updated 

Hey Rich Friends, I am going to set a Buy Limit order on this idea at 0.59500. If the market revisits this area, my trade will be triggered, and then continue to buy. Here is what I am looking at: - The candle has crossed above the 200 EMA. If the next candle closes above the 200 EMA, the trend will be confirmed Bullish for me - The MOM is positive - The Stoch...

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MoneyMantraCha Updated 

Hey Rich Friends, I am happy to say that after 4 days, this trade has finally hit TP 1 and it looks like it will be moving to TP 2. A classic case of HOLD DON'T FOLD. I used the same strategy I always use in all of my videos with a little bit of supply and demand in the mix. I hope you guys were able to secure some profits from this trade idea even though it...

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MoneyMantraCha Updated 

Hey Rich Friends, Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at: - Candles rejecting price going lower in the demand zone - Candles are above both EMAs and the blue EMA has crossed above the purple EMA - MOM is facing up and positive -...

MoneyMantraCha Updated 

Hey Rich Friends, I am looking at UC for a potential sell, here is why: - Candles coming out of the supply zone. Already rejected - Candles starting to fall below the EMA. Wait for candle to close below EMA - STOCH facing down - MOM is facing down - TP will be below the previous low and SL will be above the previous high Let me know if you see something else! -...

MoneyMantraCha Updated 

Hey Rich Friends, I am looking at GU for a potential buy, here is why: - Candles coming out of the demand zone, it may retrace back to this area. - EMAs look like they are getting ready to cross (wait for the 50 EMA to cross above the 200) - STOCH facing up, but not above 50 (wait for STOCH to cross above 50) - MOM is facing up (waiting for it to be positive) -...

MoneyMantraCha Updated 

Hey Rich Friends, I think AU will continue to sell after retesting the supply zone (0.63340 - 0.63550). I have set a pending order called a Sell Limit. Here is what I am looking at: - Resistance in the supply area - Candles are below both EMAs - MOM is below 0 and negative - STOCH is below 50, orange is over the blue Please check the news and be mindful...

MoneyMantraCha Updated 

Hey Rich Friends, I think NZDUSD will continue to sell. Here is what I am looking at: - Candles are in a previous resistance/supply zone - Momentum is negative - Stoch is facing down, the orange line is above the blue line You should wait for: - Candles to close below 0.59750 - Stochastic to cross below 50 - CHECK THE NEWS I will set a pending order called...

MoneyMantraCha Updated 

Hey Rich Friends, I think USDCAD will continue to buy, just looking at the technical indicators. - The market has already tapped into and rejected the demand the zone. - The STOCH is facing up, the blue line is above the orange line and it is looking to cross 50% - Candles are above the EMAs. Make sure you check the news also! I am in this trade for a buy...

MoneyMantraCha Updated 

Hey Rich Friends, I think that AU will continue to sell today, this is what I am looking at. However, REMEMBER TO CHECK THE NEWS AND YOUR CHARTS BECAUSE IT IS NFP WEEK. - Previous resistance in the supply zone - Break of structure on the downside from the previous candle - MOM is facing down but not yet below 0. You can wait for it to cross below 0 for added...