Simple_Renko

EURNZD Ride the channel down?

Short
Simple_Renko Updated   
OANDA:EURNZD   Euro / New Zealand Dollar
See callout bubbles. The NZD looks like the stronger currency in this pair. Price is channeling down, so I would like to join that trend and ride to the bear trap level below if we get entry and the market wants to move down there.

I'm not incredibly excited about this one, but I'm taking a stab anyway to see what we get.If our area with sellers gets broken, and price continues upward, the higher time frame uptrend is still intact.

Always measure your risk and be okay with being wrong ; )
Trade active:
Trade triggered!

***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***

Thank you for your support!
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.