NZDUSD 4H long watchlist
It's a quiet week no trades yet, but that's a good thing.
That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works.
NZDUSD 4H long is on only thing that caught my attention and I will explain why.
First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good.
Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again.
What's also really nice after the deep red candle we see some small indecision candles.
The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter.
If not I skip the trade with no problem :)
That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works.
NZDUSD 4H long is on only thing that caught my attention and I will explain why.
First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good.
Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again.
What's also really nice after the deep red candle we see some small indecision candles.
The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter.
If not I skip the trade with no problem :)
Note
Update: look for the candle close at 11:00 hours. If it closes bullish as it is now that means an entry!Trade active
It took a little longer than expected but after some indecision candles we finally see a bullish medium strong candle that's for me the entry trigger.
Sidenote it's friday normally I don't like to take trades on friday because I close before the weekend. But this is a nice setup so I take the trade
Trade closed manually
closed arround break even
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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.