BlackCandleTrader

BlackCandleTrader

As you can see on the chart the pair NZDUSD just bounced of the 50 exponential moving average and also bounced off the Point of Control of the session volume profile. There was an increase in volume at the point of control where bears battled with bulls and the bulls won pushing the price higher creating a new support where the price bounced off. This is also...

BlackCandleTrader Updated 

FX:AUDUSD ….The AUDUSD is going to fall even further and this is an opportunity to jump into the trade and cash in on some 20 to 40 pips. The common consensus among the 3 moving averages is that there is a clear and strong downtrend coming. At the moment the market is choppy but according to my analysis the market will not reverse but continue going downwards. The...