Hi guys,
on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of indecision bars (with big downside wick) and a strong engulfing candle at the end. Here, there's a double bottom with some sort of divergence and the price is headed to the upward direction. I'm going long with stops below the lows, and targets as shown.
If you have any question, feel free to comment beneath.
Otherwise, see you in the next chart!
on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of indecision bars (with big downside wick) and a strong engulfing candle at the end. Here, there's a double bottom with some sort of divergence and the price is headed to the upward direction. I'm going long with stops below the lows, and targets as shown.
If you have any question, feel free to comment beneath.
Otherwise, see you in the next chart!
노트
I'm exiting half of my position after the daily candle close below the structure level, just to decrease my exposure
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.