Depending on the closure of the candlestick, I will place a trade if I see that the candle aligns and gives me confidence in this trade set up to place a position.
Its already broke and retest. But I would be keen again to enter a sell at the key level with the trendline confulence.
TP1 would be 30-50 pips. TP2 next level.
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
NZDJPY is pulling back up towards previous resistance and also the 50MA, this will more than likely push down further. Trade Supported by a downwards sloping moving average.
Will be watching how it reacts to 1.62750 , will be most likely taking partial profit and letting rest ruin play this will be a trade ill be holding for a few days
Here we have a possible head and shoulders pattern forming on the H4 charts. The long wicked bullish candle on the right shoulder shows how price attempted to climb but struggled to even get past the left shoulder's high. Ultimately it formed a shooting star which is a good indication of a price reversal. A SELL order can be placed when the market opens providing...
