Forex Elite Trader: Effective scalping strategy with minimal drawdown

NZDUSD and NZDCAD
Not good

 

Yes, you're clear. U.S. regulations like FIFO, leverage limits, high costs, and time zone challenges can make scalping difficult. Understanding these restrictions is important before applying your strategy. I'm ready to hear more.

 

gbpcad likely to move up but not good

 

moved up but was not a good opportunity. price could reverse within1 hour. was not trading it

 

GBPAUD not good at all

 

I will provide some more information before end of next month

 

nzdcad
not the best. avoiding it

 

When applying this strategy, prioritize identifying relevant patterns or trends. GBPNZD is not a favorable setup, as the apparent double bottom may not be a reliable formation.

 

GBPAUD and GBPNZD: They all lack momentum

 

OUTCOMES
GBPNZD did not have the momentum as the analysis indicated


for the other pair, the outcome was a total surprise