NZD/USD |08 August 2016|
- 4H Entry but a daily setup
- NZD has been moving in a strong bullish trend since 25/07
- Price stalled at 0.724 level pulled back to previous structure support at 0.712
- As we know bullish markets make HH + HL's im predicting that this level is the HL thus giving it a high probability success rate
- Clear indecision forming on a area of structure support
- Highs of the indecision has been broken in which is our entry point
- Stop loss is below the indecision candlestick
- NZD has been moving in a strong bullish trend since 25/07
- Price stalled at 0.724 level pulled back to previous structure support at 0.712
- As we know bullish markets make HH + HL's im predicting that this level is the HL thus giving it a high probability success rate
- Clear indecision forming on a area of structure support
- Highs of the indecision has been broken in which is our entry point
- Stop loss is below the indecision candlestick
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.