Market Analysis 18/12/2020
On the basis of market sentiment and technical analysis on H4 and D1 timeframe till today we could not found any reliable entry point in our system. Always our focus on 28 currency pairs.
We never break our trading rules. In forex market its strictly prohibited to breakdown the strategy rules.
But today we found an opportunity to make some profit without any tension by hedging with two different pair.
EURUSD SELL
AD
EURNZD BUY.
Sell EURUSD and Buy EURNZD
Yesterday EURUSD failed to go above the target level of 1.2230 .
Whether it would continue to rise to 1.2330 is a big question, but taking Friday into account, investors may prefer to close positions, which will cause the euro to fall.
On the other hand EURNZD is over bought and very less chance to go lower at this situation.
So easily we can earn some pips (more or less 100 pips) from this buy sell techniques.
