Week of: 02/14/22 – 02/18/22
The World Wealth Gauge is telling us that the bullish trend is weakening and that means the bulls are running out of steam when it comes to markets.
With that in mind, I’m reviewing the NZDCAD trade we saw last week and the week earlier to that.
I’m happy that we gained around 50+ PIPS in the original trade we saw two weeks ago and about 100+ PIPS for the trade we saw last week.
That’s about a potential $1,500 profit in a standard lot investment and a pretty decent gain in two weeks if you ask me.
This is a classic example of what we do at Tyson’s Trends – we look for profits, whether the markets are trading upward, downward, or sideways. So, give yourself a pat on the back!
I also have a favorite trade for you this week and it’s the AUDJPY currency pair.
With the price of AUDJPY currently trading at 82.80, I’m looking to SELL between 82.80 and 86.25 levels.
And my target for this trade is around 74.50 levels with a stop loss set at 86.30.
We’re looking at about 800 PIPS of potential opportunity with this trade.
I also talk about why I like the technical setup and the Fibonacci’s for this trade.
Check that out and also all the strategy details in this week’s top picks video.
And to know more about my trade picks and views on the market, you can join me in my Money Flow Trading Room. It’s where I talk about this stuff every week.