Week of: 01/24/22 – 01/28/22
The World Wealth Gauge is continuing to show us risk-off readings this week. The indicators are flashing red signals across the board and that makes sense given the massive sell-off we’ve seen lately.
I’m continuing to stay with my bearish stance in this market. And with that in mind, my favorite currency pair to trade this week is the NZDCAD.
It’s an interesting trade with over 380 PIPS of potential reward, where I’m looking to buy around the current price of 0.8420.
I will be looking to buy this up to 0.8800 levels as long as the price stays above 0.8265.
I also talk about why I love this trade and how there’s an awesome pattern playing out for this currency pair.
Check out this week’s top picks video for strategy details.
And for more tips and picks, you can join me in my Money Flow Trading Room. It’s where I apply my Money Flow formula that could help you find 3-5 high potential trades for the entire week in as little as one hour.