EURNZD - Perfect Trading History
Please excuse my poor drawings - it ain't easy !
EURNZD -0.40% has displayed some textbook trading opportunities using simple trendlines .
From 1.6580 we had a fantastic bullish run, with buyers entering the market on the trendline .
The market stalled at 1.7369 and we formed a descending wedge - again buyers and sellers used the trendlines to execute their positions.
As soon as the wedge was broken, we saw a 600 pip move.
This bullish run ended with a break to the downside and a re-test. The sellers are in control now.
I am not entering any positions on this now, as the initial trade setup has passed (don't chase trades!).
I will wait to see what structure forms, and take a view from there.
EURNZD -0.40% has displayed some textbook trading opportunities using simple trendlines .
From 1.6580 we had a fantastic bullish run, with buyers entering the market on the trendline .
The market stalled at 1.7369 and we formed a descending wedge - again buyers and sellers used the trendlines to execute their positions.
As soon as the wedge was broken, we saw a 600 pip move.
This bullish run ended with a break to the downside and a re-test. The sellers are in control now.
I am not entering any positions on this now, as the initial trade setup has passed (don't chase trades!).
I will wait to see what structure forms, and take a view from there.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.