NzdJpy – Look to sell on bearish price action if key support turn resistance.
Trend: Bearish Weekly
Key Levels: Resistance / Support = 69.0
Price Action: Price needs to break below level noted on daily time frame for me to continue selling.
Notes: I'm waiting for price to trade below this pivotal level, I will be selling into strength whilst price is contained below this important price zone. I will wait for Mondays low to develop so I can pivot a short at this area.
Trades = 33 | Wins = 23 | Losses = 10 | Strike Rate 69.7% | R Gain = 43.25
October is over for the mechanical strategy and it produced a fantastic month!
You are only as good as your next month tho so we kicked November off with 7 Trades and 7 winners, With 17.8R gained!
I would like to thank everyone that watches my free material as well, here are a few trades from the outlooks!