Euro / New Zealand Dollar
Education

Another beautiful spring example caught in my backtesting

89
Here we have been going down for a while, but in a slow fashion (daily).
So it is slowly accumulating and building up energy before breaking free and taking out all the stop losses that was left during the slow down move.

Here you can see the entry better on the 1H and why I put my entry and SL at these areas:
snapshot

Taken in March 2017


Here is the daily clearly showing the falling wedge:
snapshot

And here we can see the POC and imbalance to the left more clearly on the 1H chart:
snapshot

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