Hi guys,
on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of indecision bars (with big downside wick) and a strong engulfing candle at the end. Here, there's a double bottom with some sort of divergence and the price is headed to the upward direction. I'm going long with stops below the lows, and targets as shown.
If you have any question, feel free to comment beneath.
Otherwise, see you in the next chart!
on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of indecision bars (with big downside wick) and a strong engulfing candle at the end. Here, there's a double bottom with some sort of divergence and the price is headed to the upward direction. I'm going long with stops below the lows, and targets as shown.
If you have any question, feel free to comment beneath.
Otherwise, see you in the next chart!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。