1200+ Pips in a Week – NZD/JPY - Trade 4 of 6

SILVER SIGNALS strength / weakness – Trade 4 of 62018-06-23T16:03:41+00:00

5 Days : 6 Trades : 1200 Pips

Such is the power of my Daily Forex Strength / Weakness Analysis

Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk

Based on nothing more than a simple daily bar “Sell at market open and hold to market close” strategy, here you can see how this NZD/JPY SHORT trade unfolded, returning + 205 pips profit in the process.

This is 1 of 6 trades taken that week as a result of my Daily Forex Strength / Weakness Analysis.

Seriously – Forex Trading without this analysis is like driving your car – Blindfolded !

We start the week at 8pm GMT on Sunday 12th November 2017 when I issued the following Forex Strength / Weakness Analysis:

Sunday 12th Nov 2017 – Week 46 – Market Open Forex Strength / Weakness Analysis

20.00 GMT – Bigger Picture

S1: USD W1: NZD
S2: GBP W2: CHF
S3: JPY W3: AUD

How to Use this analysis:

Example: Here JPY is the 3rd strongest (S3) and NZD is the Weakest (W1), so open the NZD/JPY chart on the daily timeframe, see if price action agrees.

You don’t have to stick to the No1 (S1 Vs W1) crosses either: There are 9 potential currency crosses available per table, so maybe pair the 2nd strongest (S2) with the 3rd weakest (W3) and see what the respective chart has to offer.

My week 46 Sunday analysis above clearly shows that as of 8pm GMT on Sunday 12th November 2017:

  • JPY is the 3rd strongest (S3) currency in the market
  • NZD is the weakest (W1) currency in the market
  • We cannot trade JPY/NZD so we reverse the Base & Quote currencies show to NZD/JPY

Let’s pull up the NZD/JPY chart and see what it has to offer.

NZD/JPY Short – Trade rational and chart

This signal landed not just in my Sunday Analysis (above) but again within my Daily Forex Strength / Weakness Analysis on Monday 15th Nov.

I was aware of the falling channel support and even more so of the 75.90 support below that, but as usual I was happy short this pair based on the indication of my Strength Weakness analysis and to be guided by the same for my for my exits, holding this position until I see a good reason not to.

Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk

Trade Outcome: NZD/JPY Short

The market opened @ 78.61 and closed 222 pips lower @ 76.39

As predicted, and in line with my Strength / Weakness Analysis, the market drove this pair short for the whole of this week, with Friday’s Bear-Bar being the big move of the week seeing price wick low breaching the Falling Channel Support before the market close.

 I entered short early on Monday morning, exiting  just minutes before Friday’s 10pm GMT market close.

Outcome:.+ 205 pips of profit !

So, ready to trade with, not against the market ?

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AND you get to see my FX WATCH LIST and my OPEN POSITIONS – Every day !!!

Sill not convinced ? Need more proof ?

Of the 9 potential Forex crosses my analysis immediately alerted me to 3 trade setups resulting in + 688 pips profit.

A further 3 trade setups triggered during the week, giving me another + 526 pips profit.

That’s over 1200 pips profit in 1 week !

Here’s all 6 trades taken that week: Click the images below to see the charts, trade setups and outcomes.

Trade 1: NZD / USD Trade 2: GBP / AUD Trade 3: EUR / AUD
Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk

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Week 46 Trade 4 Week 46 Trade 5 Week 46 Trade 6

So, ready to trade with, not against the market ?

Subscribe NOW and I’ll start emailing your tables twice a day

AND you get to see my FX WATCH LIST and my OPEN POSITIONS – Every day !!!

“Need to know more about this analysis ? I’m here to help, so feel free to drop me a line via my contact page HERE

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