DanielHiscutt

£££££££££££££ $$$$$$$$$$$$$$$$$$$$$$ GBPNZD

Short
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trade not entered yet! but if this candlestick stays like this then I will be entering! yes on the NZD side it is risky but worth it in the end still so many more lessons to learning on candlesticks and wicks
Comment: Obviously my TP SL will change depending on where the previous candle finishes

Comments

I like what you’ve plotted, however I personally don’t trade solely based off candlestick patterns. I’d have a few more factors to confirm.
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GBPNZD is to risky for me on a 1H time frame. I'm seeing too many conflicts between higher time frame trends (1W to 8H for the north), with lower time frame trends (2H-6H for the south). My assessment is that 1H and below is subject to too much noise of the conflicting trends. So, for me I'm out of it. I'm not saying that purely by chance the 1H won't deliver.
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Is this an entry based on a anticipated Bearish Indication? or will you enter on a BUY?
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