Analysis of my favorite, and I often use as a basis for the decision to put the position is, technical analysis based on candlestick pattern, and support or resistance level area. Currently I'm using a channel line in my chart to help determine the highest or lowest point of a trend. But this is still being tested.
It is not a risky pair, i am also trading this pair and did not face any problem but we must have to do trade with our own rules and trading system in order to maximize our profits and minimize the loss.
Before crossing the intersection make sure the light is red so you will not caught red-handed. Same as in the Forex market, before deciding to place and close an order, make sure the technical analysis is somehow accurate and not misleading because once you made your decision there's no turning back.
Category:
Technical analysis
Categories
- forex trading 3005 Questions
- forex brokers 349 Questions
- forex questions 3468 Questions
- fundamental analysis 38 Questions
- forex strategies 171 Questions
- trading platforms 115 Questions
- forex market 528 Questions
- forex indicators 359 Questions
- partnership programmes 65 Questions
- mql4/mql5 programming 6 Questions
- forex options 212 Questions
- general questions 2956 Questions
- pamm accounts 137 Questions
- expert advisors 40 Questions
- forex unique 1 Questions
- Technical analysis 79 Questions