Signal Stream - EURNZD Short Signal UPDATE
Original Idea published here: https://www.tradingview.com/chart/EURNZD/9ZyM5zMB-Signal-Stream-EURNZD-Short-Signal/
After the signal appeared on EURNZD at 1.7172, price immediate moved in the opposite direction.
After a slight draw down and strong rejection of the 1.7300 resistance level, price ranged before making its way down to meet our close range target, stated in the original Idea, at 1.7150.
The market moved a bit lower before finding support at 1.7130. Price has tested this level multiple times, appearing to want to break further down to lower prices.
In this type of situation - given that we had price move against us at first and that we are at a strong S/R level, I would suggest taking the close range target profit and staying out until further signs of weakness, or if you're willing to take on a bit more risk, at least moving stop to break even.
But that's just my two cents and it's certainly not the only way to trade these signals.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD.
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
https://www.tradingview.com/script/XUfMqWnS-Signal-Stream/
After the signal appeared on EURNZD at 1.7172, price immediate moved in the opposite direction.
After a slight draw down and strong rejection of the 1.7300 resistance level, price ranged before making its way down to meet our close range target, stated in the original Idea, at 1.7150.
The market moved a bit lower before finding support at 1.7130. Price has tested this level multiple times, appearing to want to break further down to lower prices.
In this type of situation - given that we had price move against us at first and that we are at a strong S/R level, I would suggest taking the close range target profit and staying out until further signs of weakness, or if you're willing to take on a bit more risk, at least moving stop to break even.
But that's just my two cents and it's certainly not the only way to trade these signals.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD.
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
https://www.tradingview.com/script/XUfMqWnS-Signal-Stream/
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