EURNZD shows a nice downtrend with excellent price action. However, hopefully, it does not go to strongly up in a pullback. For sure Prices do not continue endlessly in a direction.
Let's check our Trading Checklist:
1. Overall Trend is in a downtrend -> ok
2. The ATR shows 19 Pips, usually, I take the double of one ATR value, but her I Ill go with 55 Pips at...
T-Checklist
1. Overall Trend (4h): down
2. Breakout -> pending
3. Retest -> pending
Conclusion:
If the overall trend on the 4h time chart is valid, then the price should move further drown,
or before that, it might also go in a range. However,
it's also possible that the uptrend might occur, but only
short-term, unless its an overall trend shift...
Today we had some interesting trading opportunities. However, how will it continue the next day???
Let's analyze it now with our trading checklist....
T-Checklist:
1. Overall Trend (4h) is a downtrend (btw. chart above is on the 1h time frame) -> ok
2. CADCHF made a HH and HL (Lvl 1 confirmation) -> ok
3. wait for breaking the trendline -> ok
4. possible that a...
A possible Short Trade with Break out and a potential Retest. We still have to wait for the Trend continuation with some red candles. However, this Trade setup looks pretty good.
The Time Frame ist: 1h
Trading-Checklist:
- Price Action
- Price Structure
- Highest and Lowest Prices (look to the left side, the white lines are based on the lowest price from the...
