EURNZD we have just broken through a key level marked out by the green zone. I'm expecting price to retrace back into this level and retest it as resistance. I will be keeping an eye on this paid for the next few days to see if we get the pullback into the flipzone where i will be looking for selling opportunities to continue the move down.
What I will be looking for is confirmation on the smaller timeframe, I like to use the H1 chart to look for my confirmation candlestick patterns. Once I see bearish candlestick patterns such as a bearish engulfing, evening star or gravestone doji, I will then use this as my confirmation to short the market.
What I will be looking for is confirmation on the smaller timeframe, I like to use the H1 chart to look for my confirmation candlestick patterns. Once I see bearish candlestick patterns such as a bearish engulfing, evening star or gravestone doji, I will then use this as my confirmation to short the market.