As we can see we are in a downtrend, however at the moment we are in a corrective phase of it, creating this rising wedge with a confluence of the 61.8 fib if we can reach the intersection of both trendlines this would be an optimum place for shorts and price would definitely react to this level even if it is not in our favour.
YOUR NOT TOO LATE! NZDUSD sell open running just over 30 pips in profit! you havent missed the bus yet! ;)
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However,...
There are two trend lines, an upper trend line from daily chart with level confluence and lower trend line on a 4hr trend line.
Which one you think is a stronger sell entry?
Message below and I will share my thoughts x