EURNZD was on a rampage last week hitting next level of daily resistance without a pullback.
Market has reached marjor resistance. I am short at this level to next potential support, small target.
then looking to reverse position at next level to get with the underlying trend.
Got stopped out on Friday after NFP.
Still bullish and market has reached a better level for entry rather than the aggressive executed earlier in the week.
Multiple confluences at this level, most of all major structure where we have seen big momentum moves from.
Double bottom formed on 1H. Will enter on HH-HC candle.
Market has reached a good support level at the midpoint of the large wedge pattern. Daily doji candles at this level provides a good indication.
Market is oversold on TTF
Looking for price to enter KILLZONE (Minimum 1:1) before entering
Bearish 2.618 opportunity
Need LowerLow Lower Close candle in this area to get involved.
But i will wait for more confluence such as RSI overbought and Double top
Bearish DEEP Gartley with very good risk reward.
I am allowed to take both of these opportunities as my stop loss is violated before entering the 2.618 Killzone.
Been on Long since 26/01. Haven't been disciplined and trailed my stops how my plan says i should. However, i am still in the trade and it still meets my plan.
I have simplified my analysis and until my stops are hit i am playing the patience game.
Bearish continuation trade to downside after coming into contact with major structure, putting in triple tops, RSI overbought and bearish divergence. This zone also lines up with HTF Fib. levels.
The market is still in my KILLZONE but need a large extended wick candle (still closing within my KILLZONE ) or a lowerLow-lowerClose candle.
Market is approaching a level of resistance (not the position i was originally looking at) but still in my reversal zone. My Smaller KILLZONE has been drawn out from the recent double top that has been put in along with Fib Confluence.
I am looking for lower low candle to meet my entry needs.
Looking to ride this one down to previous structure and for EURUSD...