Dear traders,
I need feedback on BUY trade what I plan on AUD/NZD.
Weekly: momentum TL is up and trend is up - DZ being created.
Daily: MTL is down. Trend is down - new SZ are being created. Price is close daily DZ nested on top of weekly DZ curve.
H4: MTL is broken (last 40 hours are a mess to me. Do not know which are valid zones and how to draw them). H4 DZ is nested in daily DZ. Blue dashed lines are daily DZ.
I have shown entry and stop loss levels. I am thinking to reach 1:3 or 1:4 RR.
Looking forward for your comments and suggestions.
I need feedback on BUY trade what I plan on AUD/NZD.
Weekly: momentum TL is up and trend is up - DZ being created.
Daily: MTL is down. Trend is down - new SZ are being created. Price is close daily DZ nested on top of weekly DZ curve.
H4: MTL is broken (last 40 hours are a mess to me. Do not know which are valid zones and how to draw them). H4 DZ is nested in daily DZ. Blue dashed lines are daily DZ.
I have shown entry and stop loss levels. I am thinking to reach 1:3 or 1:4 RR.
Looking forward for your comments and suggestions.