We will be looking to enter on the H4 chart with a breakout above the most recent down trend line (which also coincides more or less with the daily trend line) and the most recent high. Once that happens, wait for a pullback that will first of all confirm the breakout and second – it will improve the risk:reward on the trade. Only when go for a buy. Stop Loss –...
I wont be chasing ANY SELL's right now on EURNZD because we are between 2 DAILY LEVEL! BUT!!! I will be chasing a BUY ENTRY KING! -- So I did SET a BUY LIMIT on the LOWER DAILY LEVEL! -- Make sure to FOLLOW and LIKE for more CHARTS IDEAS I will make sure to keep UPDATES on this CHART And I will also make sure to answer EVERY COMMENTS below =)
EURNZD has been consolidating for the past 10 months, getting closer to the apex of this triangle. A breakout could occur in either direction, we will be waiting for a close above or below the trendlines created by the consolidation. The closer the breakout occurs to the apex the stronger the potential move can be when it happens.