A chart that will kill you - NZDUSD

Dozens of people messaged me about the NZDUSD and when it's finally going to sell off!?

My answer: I don't know and I don't care.

As long as price keeps moving higher and is not able to make a new low, there is no reason whatsoever to short this.

Of course, with all the rejections at the top, it does look tempting but I am 100% certain that many people lost A LOT OF money trying to short this market because they "don't want to miss this".

Such markets are super tempting and they look like this to lure you in and take your money.

ALWAYS ALWYAS ALWAYS wait for momentumin your direction. A new downtrend will probably have a lot of room to go and you can make more than enough money even if you don't call the top. Learn to sit on your hands and let everyone else lose their shirt while you wait for your chance like a sniper!


"Most traders will lose so much money on calling a reversal too early, that they will either miss the real reversal because they are demotivated, or they won't be able to recover the loss when they get in the right reversal"