MoneyMantraCha

MoneyMantraCha Updated 

Hey Rich Friends, I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at. - The candles have already tapped into and rejected a previous demand zone - The candles have close above the 50 EMA and 200 EMA - The momentum indicator is facing up,...

MoneyMantraCha Updated 

Hey Rich Friends, Happy New Year! I am so excited to be back and sharing trade ideas with everyone! Cheers to a peaceful and profitable year! I think GU will make a quick bearish move this week. Here is what I am looking at: - The most recent candle broke structure on the downside. - The most recent candle closed below the 50 EMA. - The momentum indicator...

MoneyMantraCha Updated 

Hey Rich Friends, Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at: - The most recent candle has rejected the previous supply area - The momentum indicator is facing down - The slow line (orange) is above the fast line (blue) on the stochastic...

MoneyMantraCha Updated 

Hey Rich Friends, This is only my technical analysis of EURUSD, which means you should still check the news and confirm with your indicators. I think EU will continue to see this week, and here is what I am looking at: - The first thing I noticed was tha gap that needs to be filled in the market which I have highlight on my chart. The market will always...

MoneyMantraCha Updated 

Hey Rich Friends, This is only a technical analysis so make sure to check the news and any other indicators on your chart for additional confirmation. I think GBPJPY will continue to buy this week and this is what I am looking at. - The candles have already tested and rejected a previous demand zone. - The Momentum indicator is currently facing up and...

MoneyMantraCha Updated 

Hey Rich Friends, It is time for another trading week! I think GBPUSD will continue to sell this week and here is what I am looking at: - The candles have already rejected off of the supply zone - The candles are closing below the 50 and 200 EMA - The STOCH is below is 20 and the orange line (slow line) is above the blue line (fast) This is only a technical...

MoneyMantraCha Updated 

Hey Rich Friends, I think GBPUSD will continue to sell this week and here is what I am looking at. - The first thing I noticed was that the market has already rejected 2 previous supply zones and is continuing to fall - The current candle has opened and closed below the 50 EMA - The STOCH is facing down and below 0 - Sellers seem to be gaining momentum. I...

MoneyMantraCha Updated 

Hey Rich Friends, Happy Pisces Season! As a gift to everyone, I have a very special offer for my eLearning platform where you can save over 50% on all mentorship plans. You can register by clicking here or filling out this form. I wanted to share my technical analysis of GU this week. I think it will continue to buy and here is what I am looking at. - The...

MoneyMantraCha Updated 

Hey Rich Friends, I did a technical analysis for EU and think it will continue to buy this week. Here is what I am looking at. - The market has already rejected the previous demand zone and is creating a new level of support around 1.08300 (potential buy limit entry) - The STOCH is facing up, and has crossed above 50 and the blue line (fast) is above the orange...

MoneyMantraCha Updated 

Hey Rich Friends, I think USDCAD will continue to buy this week and here is what I am looking at: - The market has already resisted the previous demand zone - The previous candle was a bullish engulfing, confirming the buying trend - The 50 EMA (blue) has crossed about the 200 EMA(purple), confirming the buying trend - The STOCH is facing up, both lines are...

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MoneyMantraCha

Hey Rich Friends, I think AUDUSD has the potential to continue to sell, here is what I am looking at: - Candles entering and rejecting the supply zone - Momentum is low but not yet below 0 - STOCH facing down, no longer overbought and the orange line is above the blue line. Pending orders are recommended. SL will be above a previous high and TP below...

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MoneyMantraCha

Hey Rich Friends, Today, I will explain how I use market orders when trading in the Forex Market. By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance. Here are 5 Types of orders you should know: 1. Market Execution: Buying or Selling at the...

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MoneyMantraCha

Hey Rich Friends, One of the greatest features that I have ever stumbled upon on Tradingview was the "Indicator Templates." If you are new to trading and need a simple strategy you can build upon, why not try one that is already built into your chart? In this quick video, I will explain: 1. How to access Indicator Templates 2. 3 simple trading strategies (Bill...

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MoneyMantraCha

Hey Rich Friends, Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest. Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic (turn on price line) Bullish...

MoneyMantraCha Updated 

Potential Market Execution or Sell Limit at 0.6723 or higher. Strong rejection in this area. MOM and STOCH also facing down which is a sell confirmation for me. I am going for a 1:1RR, 40 pips.

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MoneyMantraCha

- Break of structure on the downside. - Candles below 50 EMA - MOM and STOCH facing down. - STOCH below 50 line and the orange line is above the blue line. Sell Stop Triggered At 0.62200 SL: 0.62600 OR HIGHER (40pips or more) TP 1: 0.61800 (40 pips) 1:1RR TP 2: 0.61600 (60 pips) 1:1.5RR TP 3: 0.61400 (80 pips) 1:2RR

MoneyMantraCha Updated 

- Break of structure on the downside. - Candles below 50 EMA - MOM and STOCH facing down. - STOCH below 50 line and orange line is above the blue line. Sell At Market Execution Or Sell Stop At 0.62200 Or Higher SL: 0.62600 OR HIGHER (40pips or more) TP 1: 0.61800 (40 pips) 1:1RR TP 2: 0.61600 (60 pips) 1:1.5RR TP 3: 0.61400 (80 pips) 1:2RR Result: Pending...

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MoneyMantraCha

It seems to be resisting off of the Weekly/Daily zone of around 1.31400 but you can always find a lower or better entry point like 1.30500. The candle broke its structure on the downside. MOM and Stoch facing down. MOM below 0. The orange line is on top of the blue line on the Stoch. Bearish conditions are met. TP 1, 2, and 3 hit!