- Dec week 21 -25
- Previous momentum: Bearish
- Week Close: Bullish
- Range: 242 pip
- Bullish momentum, break of last week high and retesting Nov 9 resistance level was the first spot at week start. With EURNZD HTF bearish momentum and current unjustified bullish move, failure to break and hold above 9 Nov resistance at 7345, suggests that correction for this up move is due.
- Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other Long opportunity could be traded but wasn't planed.
- Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.
Previous week trade plan :
EURNZD
- Previous momentum: Bearish
- Week Close: Bullish
- Range: 242 pip
- Bullish momentum, break of last week high and retesting Nov 9 resistance level was the first spot at week start. With EURNZD HTF bearish momentum and current unjustified bullish move, failure to break and hold above 9 Nov resistance at 7345, suggests that correction for this up move is due.
- Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other Long opportunity could be traded but wasn't planed.
- Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.
Previous week trade plan :
EURNZD
