EURNZD DOWNTREND CONTINUATION Looking at the EURNZD pair, daily chart we can see the current downtrend in play. Seasonally, EURO has it's best performing month in December however, NZD longs
still look in play as it heads towards the 0.7000 level. Technically this looks good for trend continuation and if we do see bearish price action here we could anticipate another impulse
move lower.
EURNZD
EURNZD and EURAUD Short SetupsFirst time publishing an idea using the video format directly via TradingView.
If you like such format, do like this video and give me a comment below, and moving forward I will be sharing more of such videos.
Reminder - always remember to manage your risk before taking any trades.
EURNZD 4H Trade Setup-30m Timing-5m Entry PointThese 3 charts helps us understand how to use a 4H chart to find a trade, how to use a 30 m chart to find the market timing as not to enter too early into the trade, and the 5m chart to find the best entry point to give us the best risk to reward entry.
Macd helps us to find direction and reversal points from the Macd being over sold/bought from the stochastic 20/80 blue dotted level lines. The Macd red 0 level line helps to know trend bias (price above red 0 level possible bullish bias)
Take profit levels will be covered in an update.
Any question you have on the dual macd/stochastic send me a PM and I will be glad to help you setup this indicator.