nakedchartist
Short

EURZND cash rate short

FX:EURNZD   Euro / New Zealand Dollar
shown in the chart will be 2 boxes , blue and red. Blue denotes a strong bullish expansion week, and thereafter price consolidated for 5 weeks. The chart pattern looks to be distributive in nature, and it is confirmed with a bearish expansion week. Right now price is back at the neckline. I will like to see this as a retest of this distributive strucuture and look to short somewhere close to the retest.
There is a f5 and line chart confluence but h1 setup not shown yet.
I hv placed a hard stop of above this whole structure, but cash rate on thursday will decide the next impulsive move.
Ok you say distributive.
Um, how would accumulative look?
Reply
it will look like the upside down.
Reply
this is a flop, despite all the bearishness that has appeared in previous week. So indeed, my edges is best when there is both a d1 n h1 setup both appearing that makes it best for trades to be taken.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out