EURNZD BUY for FX:EURNZD by mmanengelo — TradingView


Entry on H1 timeframe as there was apoint of confluence.
1) Retest of broken trendline
2) Retest on the 50% fib level
3) Retest on 21 SMA at the same level
4) Resistance level turned support
Analysis on 4H timeframe
1) Pair appears to be in a range and is contained within the Bollinger bands and trendlines
2) Entry was after two touches on the lower trendline/ support line as confirmation, thus we buy on the third touch and sell after it touches the above trendline/ resistance line


Source link

Add a comment