Get started
lovekairem

Institutional Candle on the 1H

Australian Dollar / New Zealand Dollar (FOREXCOM:AUDNZD)  
lovekairem Updated   
FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Candlestick Analysis
0
0
trendanalysis candlestick

Market Confirmations:

- Market is bearish overall
- The purple area is a mark up of an institutional candle on the 1H time frame.
- Once price is mitigated in the institutional candle area. Price may retrace and continue to go in a down trend

Entry:

- I set a buy limit at .04234
- Although if price retraces to tp1 and/or tp2. I will be looking for shorts

If you don't know what an institutional candle is, please search it up on google or youtube.
Comment:
Just an update: I know market is bearish. I am looking for only one buy which has a tp around the next lower high. Then I am looking for sells, as the market is bearish. :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.