This is another trade i am stalking. My audnzd and gold longs are doing well. I am also in usdjpy short. All trades were posted here. Lets see how it goes this week. On eurnzd , here is the breakdown..
Weekly:
There is a massive head and shoulder bottoming pattern taking place. Ichimoku is however bearish but macd is cross up
Daily:
There is a big TL coming into play here. Price touched it and pulled back. But so far staying above kijun sen . Macd is above zero line. We need TL break for any long. Ichimoku is neutral.
8H:
Ichimoku is bullish . Price is currently testing kijun and 200 sma. I am waiting for buy entry here.
Overall, i expect much higher prices in eurnzd . This pair is in very early stages of rally.
My trades are not quick trades . My time frame is higher and i run trades for longer periods. This is how all big guys trade and that is where money is. Day trading is not for me as I am not a scalper looking to make 20-30 pips. That is useless. I dont stare at charts all day and i don't do this for excitement. So , i dont get setups everyday . Incase I dont post for weeks, that just means I dont see much happening in my time frame. Knowing your time frame is the key.
Weekly:
There is a massive head and shoulder bottoming pattern taking place. Ichimoku is however bearish but macd is cross up
Daily:
There is a big TL coming into play here. Price touched it and pulled back. But so far staying above kijun sen . Macd is above zero line. We need TL break for any long. Ichimoku is neutral.
8H:
Ichimoku is bullish . Price is currently testing kijun and 200 sma. I am waiting for buy entry here.
Overall, i expect much higher prices in eurnzd . This pair is in very early stages of rally.
My trades are not quick trades . My time frame is higher and i run trades for longer periods. This is how all big guys trade and that is where money is. Day trading is not for me as I am not a scalper looking to make 20-30 pips. That is useless. I dont stare at charts all day and i don't do this for excitement. So , i dont get setups everyday . Incase I dont post for weeks, that just means I dont see much happening in my time frame. Knowing your time frame is the key.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.