Another completed pattern ending with a bearish neutral daily candle for EURNZD.
RSI has hit overbought level, may have a chance for reversal but we do not have a clear signal to short yet.
R:R is 1.3 (TP1) and 2.2 (TP2).
Use lower time frames (H4 and H1) for better entry points, suggest to wait for price to at least get back to PRZ before shorting.
Once again, exercise risk management.
Adjust your lot size as we are looking at daily charts, SL is higher.
RSI has hit overbought level, may have a chance for reversal but we do not have a clear signal to short yet.
R:R is 1.3 (TP1) and 2.2 (TP2).
Use lower time frames (H4 and H1) for better entry points, suggest to wait for price to at least get back to PRZ before shorting.
Once again, exercise risk management.
Adjust your lot size as we are looking at daily charts, SL is higher.
Trade closed manually
Closed at breakeven, not having a good feeling on this one.
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.
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.