LearningFX

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Joined learning_fx
Spreading some much needed information on forex, for all the newbies out there!
Markets Allocation
86 % forex 14 % other
Top Mentioned Symbols
GBPNZD 28% | 2 NZDCAD 14% | 1 GER 14% | 1 CADJPY 14% | 1
LearningFX LearningFX AUDNZD, W, Short
AUDNZD: AUDNZD nearing top of channel short here
125 2 0
AUDNZD, W Short
AUDNZD nearing top of channel short here

I have shorted a small position here at 1.10249 and plan to add more near the upper trendline, if all goes to plan should see it reverse from there.. Will try to keep stop nearby 100 pips of total avg of my position. http://www.learningfx.com/

LearningFX LearningFX GER30, W, Long
GER30: DAX GER30 Index possible long
278 1 0
GER30, W Long
DAX GER30 Index possible long

Looking to go long the DAX index if it dips into my buy zone. Seems to have broken some major supports and still looks heavy. I will be watching it around the next TL drawn on the chart to get into a long entry. This is a high risk trade. http://www.learningfx.com/

LearningFX LearningFX NZDCAD, 240, Long
NZDCAD: NZDCAD buying on a dip
194 4 0
NZDCAD, 240 Long
NZDCAD buying on a dip

I believe NZDCAD will receive support here, NZD still bullish on rate hike plus carry trade. http://www.learningfx.com/

LearningFX LearningFX GBPNZD, 240,
GBPNZD: GBPNZD looking for it to retrace upside
88 2 1
GBPNZD, 240
GBPNZD looking for it to retrace upside

Since the NZD rate hike and all the hawkishness we saw from Wheeler ignited huge buying into the NZD pairs as market was not expecting this at all, I'm thinking it should start retracing a bit but it is a risky trade though looking at that sell off in the GBPNZD, I would prefer having a smaller stop. http://www.learningfx.com/

LearningFX LearningFX AUDJPY, D,
AUDJPY: AUDJPY Broke daily range and is looking like a good short
46 2 0
AUDJPY, D
AUDJPY Broke daily range and is looking like a good short

The pair was in range for days and broke below, is at great R:R to short at the moment, beware of spikes. http://www.learningfx.com

LearningFX LearningFX GBPNZD, D, Short
GBPNZD: GBPNZD facing rejection at resistance..
107 5 0
GBPNZD, D Short
GBPNZD facing rejection at resistance..

You could wait for better R:R, I know I will. It seems to face rejection at this level and looks like a great short at this point, you can short right now too but the risk is hgh at the moment. A break below 1.6954 would also validate this idea, which has been support for the past few days. http://www.learningfx.com

LearningFX LearningFX CADJPY, 240,
CADJPY: Shorting Cadjpy at resistance..
114 2 1
CADJPY, 240
Shorting Cadjpy at resistance..

This looks interesting, pretty self explanatory. Could play out well. check us out at http://www.learningfx.com/

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