Hello Everyone, this is Richard, and this is going to be my first post in here. Hope you will like and benefit from my trading style.
EURNZD is taking the last breath before its downtrend begins, forming a high potential 1/5 Risk/Reward trade setup.
4 confluences are enough to start thinking short now:
1- Daily trendline break and retest (in red)
2- H4 trendline retest (in blue)
3- Supply zone retest (in gray)
4- RSI Divergence
Trigger would be:
1) Reversal Candlestick Pattern
2) Zoom in to H1 timeframe, draw a short term upward trendline, and enter on its break
Good Luck !
EURNZD is taking the last breath before its downtrend begins, forming a high potential 1/5 Risk/Reward trade setup.
4 confluences are enough to start thinking short now:
1- Daily trendline break and retest (in red)
2- H4 trendline retest (in blue)
3- Supply zone retest (in gray)
4- RSI Divergence
Trigger would be:
1) Reversal Candlestick Pattern
2) Zoom in to H1 timeframe, draw a short term upward trendline, and enter on its break
Good Luck !
Comment:
1) here is the picture of the candlestick pattern we are waiting on Daily timeframe
2) here is the picture for the trendline we are waiting on H1
2) here is the picture for the trendline we are waiting on H1
Comment:
H1 trendline is broken, congrats for those who took a sell after the big bearish candle closed below the trendline
Now we need to watch this trouble area in yellow, as price approach it move stop loss to breakeven
Good Luck
H1 trendline is broken, congrats for those who took a sell after the big bearish candle closed below the trendline
Now we need to watch this trouble area in yellow, as price approach it move stop loss to breakeven
Good Luck
"Trigger would be:
1) Reversal Candlestick Pattern
2) Zoom in to H1 timeframe, draw a short term upward trendline , and enter on its break "
1) If daily candle closes like it is now as an "invested hammer" now we would have a "bearish tweezers" which is a strong trigger.
2) we are still waiting for the H1 trendline break, we will consider selling once broken.