Hi Tanya, Dra was refering to my charts on nzdusd below. I have posted the 2 charts where they can have 2 different TLs. Dra sir, could you advise which is the correct trendline to be drawn?
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DislikedHi,
Yes shandy, i think that's a good setup too.. unfortunately, i dont have enough confidence trading it on my live account..if you entered the trade, you should 50+ pips by now..I'm just not confident on the engulfing bar..
Maybe EURJPY and NZDUSD will give us good setup in a few hours..but maybe they wont..just patience..
Happy pipping..Ignored
DislikedHi,
And btw, maybe these will make good entry..
EURJPY, it hit the downtrend line, and is making bearish candle now. It's also at the fibo retrace of 61.8. Maybe we can expect a bearish engulfing candle. But i wont take the trade if it is not making one of 6 CF.
USDJPY, it's on the downtrendline. It may looked that the downtrendline is broken. But on the 4H TF, where the trendline is actually draw, it is not broken. But, i dont think the candle formation matchs up with 6 CF that are on the rules..
Please comment this..
Happy pipping..Ignored
QuoteDislikedHey soya, I have my tl drawn a bit different, and it gave me an entry earlier this morning when the TL was broken and tested.