EUR/NZD - BUY
1) Bullish impulsive move on a higher time frame followed by a correction move on a higher time frame
2) Double bottom at the end of the bullish correction phase
3) Broken structure with New Higher High
4) Price created new impulse with correction possibly coming off from 61.8% level
5) Price had come back to touch the higher time frame correction trendline
A) I'm going to enter this trade once price breaks the lower time frame zone @1hrs time frame, with a bullish candle
B) TP towards previous High ( 157) pips
C) 40 pips SL.
2) Double bottom at the end of the bullish correction phase
3) Broken structure with New Higher High
4) Price created new impulse with correction possibly coming off from 61.8% level
5) Price had come back to touch the higher time frame correction trendline
A) I'm going to enter this trade once price breaks the lower time frame zone @1hrs time frame, with a bullish candle
B) TP towards previous High ( 157) pips
C) 40 pips SL.
Note
Make SL to Entry and continue to hold during the weekend. Protecting your equity should be your priority!
Have a great weekend team.
Thank you
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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.