Hey Traders,
I've always thought the simpler the better... A simple analysis could help you have a better of what the market is likely to do...
Like what the NZDCAD is doing right now... It's clearly trading between 0.8788 and 0.8656. Looks like its being already rejected from the top of the range, which means its likely to continue it's way down, until it hits the next support level around 0.8656
That simple... You need no indicators, hundreds of lines, etc etc etc. Just look at the market, and try to make sense of what its doing...
Cheers,
I've always thought the simpler the better... A simple analysis could help you have a better of what the market is likely to do...
Like what the NZDCAD is doing right now... It's clearly trading between 0.8788 and 0.8656. Looks like its being already rejected from the top of the range, which means its likely to continue it's way down, until it hits the next support level around 0.8656
That simple... You need no indicators, hundreds of lines, etc etc etc. Just look at the market, and try to make sense of what its doing...
Cheers,