Hey guys,
here we are in front of an hourly chart on EURNZD. I share this because i think it could be useful to others. As you can see there were two strong sell offs that created two impulive move to the downside, breaking two level of intraday structure. These two events give me the belief in a reversal, that was confirmed by price action in forming a pinbar+engulfing pattern right at the 618 up against a previous level of structure. Stops above the highs, targets as shown.
If you have any question/idea, please share.
Otherwise, see you in the next chart!
here we are in front of an hourly chart on EURNZD. I share this because i think it could be useful to others. As you can see there were two strong sell offs that created two impulive move to the downside, breaking two level of intraday structure. These two events give me the belief in a reversal, that was confirmed by price action in forming a pinbar+engulfing pattern right at the 618 up against a previous level of structure. Stops above the highs, targets as shown.
If you have any question/idea, please share.
Otherwise, see you in the next chart!
Trade closed: stop reached