歐元 / 紐元
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JICPT| EURNZD short setup on sideways structure

174
Hello everyone. This is a pretty simple sideway trading strategy.

The range is 1.6580-1.7128 which has been respected 61 days. I already set the alerts around the bottom and the top. The scenario might be as below:

1. Sideway continuation: Price could go through the upper zone. Looking for bearish formation on 1H or 4H chart. Target is the opposing zone.

2. Sideway terminated with strong momentum to the upside: Momentum is strong and zone got violated. I plan to long for the pullback.

Sideways structure are easy to trade. In one word, buy low & sell high. It works until it doesn't. That's fine.

Give me a like if you're with me.
註釋
Looks like a false breakout. Waiting for more confirmation info!
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註釋
Sideways formation. Keep on watching.
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註釋
price is still within the range. Direction is not clear.
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註釋
Alright. The range got violated, I got a nice pullback short opportunity.
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註釋
On the Daily chart, trend continues to go down.
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