We are Global Currency Scalpers, bringing you one of our three successful trading strategies. Centered on scalping of the Forex market. We realize that 65% of Forex traders lose money, some estimate it's as high as 90% of Forex traders lose money. At Global Currency Scalper we run three very successful and time proven trading strategies. This blog is intended to bring you one of those strategies with live Scalping updates. Don't be one of the Forex markets statistics!
Monday, August 3, 2015
New Signal NZD/JPY
As of 08/03/2015 @ 20:55 EST:
The Global Currency Scalper has identified a short trade in NZD/JPY.
NZDJPY is in the process of forming a descending triangle. This pair has a success rate of 71% on the 1H chart when identified by our algorithm. The descending triangle pattern has a success rate 74% on the 1H chart for all pairs generated by our algorithm.
We will be shorting this pair approximately 20 pips below the bottom of the triangle. Our profit target will be 150-180 Pips. Stops will be placed 60-100 Pips.
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