EUR/NZD: Don't miss this opportunity ! (100-pip trade)
Hey guys,
Currently analyzing EUR/NZD which is in a bearish sequence.
If you check what is going on with cumulative delta volume (CDV), you will notice that it broke exactly at the same levels where price dropped (around 1.67230), thus creating a kind of Megaphone pattern.
The idea is to wait for a pullback in this area of previous support and short the pair.
I will be targeting the previous Point of Control (POC) which should act as a magnet on price.
As always, if price doesn't pullback, I don't take the trade
If you do like my ideas, please show some 💗.
Jesse
Currently analyzing EUR/NZD which is in a bearish sequence.
If you check what is going on with cumulative delta volume (CDV), you will notice that it broke exactly at the same levels where price dropped (around 1.67230), thus creating a kind of Megaphone pattern.
The idea is to wait for a pullback in this area of previous support and short the pair.
I will be targeting the previous Point of Control (POC) which should act as a magnet on price.
As always, if price doesn't pullback, I don't take the trade
If you do like my ideas, please show some 💗.
Jesse
Order cancelled:
Yes this is frustrating... but it's part of the game isn't it?
Aggressive traders can place a tight stop loss and try to take advantage of a possible pullback but the main idea is to short the pair once it tested the broken resistance