DislikedEURNZD week19 H4: Now watching closely how this will develop this week and into next week. It is counter trend to last week's strong move down. Better to let price develop in a consolidation and see how the TDI PL and TSL will move above the MBL. There is a huge Weekly Master Candle. watch out 1.6200 BRN. {image}Ignored
As you see in the above chart, I waited for that H4 candle to close.
And below chart shows that H4 candle price pull back and closed bearish. Compare the TDI and Stoch positions, how these changes when a candle closed.
With the H4 price pull back, I look at the H1 chart and that shows a nice PCRF, which is a valid continuation of the current trend from last Friday. In my opionion a A+++ trade setup.
When we want to trade using Dynamic Candle Entry on H4, we must see H1 that that is in synergy using both the PA and the APB and TDI as confirmation.
This was the only decent set up I see on the pairs I usually trade. Market liquidity was thin on Monday with the bank holidays and also the Eurogroup meeting. Today 6 May is ECOFIN meeting, so we do not know what the market liquidity will be like.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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