NZDUSD POPTENTIAL SHORT OPPORTUNITY (1D CHART)
NZDUSD POTENTIAL SHORT
IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE ON THE DAILY TIMEFRAME THAT THE KIWI HAD A VERY STRONG REJECTION OF STRUCTURE SHOWING STRONG SELLER MOMENTUM AND INTEREST. I ALWAYS LET THE MARKET SHOW ME CLEAR SIGNS OF WHAT IT WANTS TO DO. THIS CHART IS DISPLAYING THAT THERE IS A DECENT PROBABILITY OF GOING TO THE DOWN SIDE. NOW THERE IS AN ASCENDING TREND LINE AND IF WERE LOOKING TO EXTRACT PROFITS FROM A POTENTIAL SHORT SETUP THAN WE MUST WAIT FOR THE MARKET TO BREAK THAT TREND-LINE, JUST TO FULLY CONFIRM THE SELLER IS IN CONTROL. LETS TAKE A LOOK AT THIS SETUP
1D CHART:
*ON THIS TIMEFRAME WE CAN SEE THAT THERE WAS A REJECTION OF RECENT SIGNIFICANT STRUCTURE AT THE .6900 PRICE HANDLE
*SINCE THE SELLERS HAVE BEEN HOLDING PRICE BENEATH THIS POINT FOR SOME TIME ON SUCH A HIGH DATA TIMEFRAME IT SHOWS ME A HIGHER LIKELY CHANCE IT WILL MAKE A MOVE TO THE DOWNSIDE
*WAIT FOR A BREAK AND HOLD BENEATH THE ASCENDING TREND-LINE ON DAILY TIMEFRAME
4H CHART:
* THIS CHART CAN BE USED TO SPECIFY THE ACCURACY OF THE PRICE ACTION AND HELP GET A BETTER PICTURE OF WHAT IS OCCURRING ON THE TIMEFRAME BENEATH THE DAILY AS WELL
*ONCE THE 1H AND UP ALIGNS WITH THE DAILY SELLER POWER THAT WILL LEAD TO A STRONG CORRELATED MOVE
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT. NONE OF THE SETUPS I POST GUARANTEE PROFIT TRADE AT YOUR OWN RISK.
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS! CHEERS!
IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE ON THE DAILY TIMEFRAME THAT THE KIWI HAD A VERY STRONG REJECTION OF STRUCTURE SHOWING STRONG SELLER MOMENTUM AND INTEREST. I ALWAYS LET THE MARKET SHOW ME CLEAR SIGNS OF WHAT IT WANTS TO DO. THIS CHART IS DISPLAYING THAT THERE IS A DECENT PROBABILITY OF GOING TO THE DOWN SIDE. NOW THERE IS AN ASCENDING TREND LINE AND IF WERE LOOKING TO EXTRACT PROFITS FROM A POTENTIAL SHORT SETUP THAN WE MUST WAIT FOR THE MARKET TO BREAK THAT TREND-LINE, JUST TO FULLY CONFIRM THE SELLER IS IN CONTROL. LETS TAKE A LOOK AT THIS SETUP
1D CHART:
*ON THIS TIMEFRAME WE CAN SEE THAT THERE WAS A REJECTION OF RECENT SIGNIFICANT STRUCTURE AT THE .6900 PRICE HANDLE
*SINCE THE SELLERS HAVE BEEN HOLDING PRICE BENEATH THIS POINT FOR SOME TIME ON SUCH A HIGH DATA TIMEFRAME IT SHOWS ME A HIGHER LIKELY CHANCE IT WILL MAKE A MOVE TO THE DOWNSIDE
*WAIT FOR A BREAK AND HOLD BENEATH THE ASCENDING TREND-LINE ON DAILY TIMEFRAME
4H CHART:
* THIS CHART CAN BE USED TO SPECIFY THE ACCURACY OF THE PRICE ACTION AND HELP GET A BETTER PICTURE OF WHAT IS OCCURRING ON THE TIMEFRAME BENEATH THE DAILY AS WELL
*ONCE THE 1H AND UP ALIGNS WITH THE DAILY SELLER POWER THAT WILL LEAD TO A STRONG CORRELATED MOVE
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT. NONE OF THE SETUPS I POST GUARANTEE PROFIT TRADE AT YOUR OWN RISK.
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS! CHEERS!
Comment:
WE CAN SEE THAT THE PRICE OF NZDUSD IS ATTEMPTING TO BREAK THE DAILY ASCENDING TREND LINE. WE MUST WAIT AND WATCH TO SEE IF THE MARKET HOLDS BENEATH THIS LEVEL. DECENT MOMENTUM ON THE BREAK! CHEERS! KEEP AN EYE OUT !
Comment:
ALSO IF YOU LOOK AT PRICE WHEN IT TOUCHED THE ASCENDING TREND LINE IT DID HAVE A SLIGHT REACTION AND THEN PUSHED DOWN. USUALLY A MORE SET SIGN THAT IT SHOULD BE A BREAK OF STRUCTURE. ALSO CANDLE TO THE DOWNSIDE SHOWS DECENT MOMENTUM.
Trade closed: target reached:
.65500 region was reached