2. The short term trend is bullish, but the weekly trend is bearish.
May go to lower time frames and check if there is a better setup ...
What do the others think?
1
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Disliked{quote} Its a nice Buy set up except your in a down trend on this EURNZD pair, I usually look to the H4 for trend, if price is making lower lows and lower highs then you have a down trend. Have a look at this double Sell set up on the H1, which was not a perfect set up because the 2 bodies were not the same size, but it was good for 2 x 80 pip moves and see what you think. {image}Ignored
DislikedHi All, I have written an indicator that I am currently testing that plots up/down arrows when it identifies the 3-bar patterns that FXCyborg has identified we trade off. For all the 6 trades that FXC showed in his opening post it captures all 6 of the setup bars . See all the images below showing the setup bars FXC traded off in the initial example trades he provided. I will make it available to all that want it as soon as I have completed testing it (but to not block up this thread I will make it available...Ignored
Disliked{quote} Its a nice Buy set up except your in a down trend on this EURNZD pair, I usually look to the H4 for trend, if price is making lower lows and lower highs then you have a down trend. Have a look at this double Sell set up on the H1, which was not a perfect set up because the 2 bodies were not the same size, but it was good for 2 x 80 pip moves and see what you think. {image}Ignored
Disliked{quote} Its a nice Buy set up except your in a down trend on this EURNZD pair, I usually look to the H4 for trend, if price is making lower lows and lower highs then you have a down trend. Have a look at this double Sell set up on the H1, which was not a perfect set up because the 2 bodies were not the same size, but it was good for 2 x 80 pip moves and see what you think. {image}Ignored
DislikedI had once set a chart of the dax according to his method, unfortunately he did not recognize it and was portrayed by him as stupidIgnored
Disliked{quote} EURNZD - H1. Flag, head and shoulder, round number {image}Ignored
Disliked{quote} So, what is it?? If you follow the flag - it should go higher, if you go for H&S than must go down. Confusing, a?Ignored