Hey fellas,
-reposting it again to show also the bigger time frame in this context-
yesterday i posted a possible long set up. My order got stopped out. I kindly would like to point out also a different scenario. As you could also see on my former analysis the gbp/nzd-1.18% is close to a major structure resistance level (blue). 2,41-2,42. On top of this friend of mine "tradersince1997" pointed out the higher Major trend resistance line (red) which is confluencing with the major structure level. What we also can see is a potential double top with it´s tops at 2,40 (orange) and its trigger at ~2,315. As soon as this level is broken I would watch out for a short set up.
Please remind your self that this is just my trading logbook and you always should do your own analysis before trading.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
-reposting it again to show also the bigger time frame in this context-
yesterday i posted a possible long set up. My order got stopped out. I kindly would like to point out also a different scenario. As you could also see on my former analysis the gbp/nzd-1.18% is close to a major structure resistance level (blue). 2,41-2,42. On top of this friend of mine "tradersince1997" pointed out the higher Major trend resistance line (red) which is confluencing with the major structure level. What we also can see is a potential double top with it´s tops at 2,40 (orange) and its trigger at ~2,315. As soon as this level is broken I would watch out for a short set up.
Please remind your self that this is just my trading logbook and you always should do your own analysis before trading.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
