The Way of Investment (Part 256) Daily chart trading starting from 0.01 lots
The Way of Investment(that256)
0.01Starting day-trade with 0.01 lots
1.Look at the daily chart currency strength
When you look at the daily currency strength chart, the currency that has risen the most strongly right now is USD, and the currency that is falling the most strongly is NZD, which you can read at a glance.
Moreover, USD and NZD are, in a divergent (negative) correlation the divergence is entering a phase where it will widen from here,.
With this, “The Way of Investment”.01 starting day-trade with 0.01 lots, it would be reasonable from now to place a short position on NZDUSD.
2. NZDUSD day chart
Looking at the NZDUSD daily chart, it is exactly positioned after a recent break below the previous low, indicating a downtrend continuation.Moreover, NZDUSD is declining at a steep angle.