Hello Team,
Can you please take look on my analysis of NZDJPY base on candles closed on last week?
We are back below strong area of support (marked by arrows) with outside bar. It was third attempt at this line to break. I was planning to enter on 50% retrace and BE at bar low near middle box PPZ.
The contrary is that below we had break TL, and we have box and we are still in in uptrend.
So I will better pass this trade but I wanted to post something since I did not took any trade since few days already
Please let me know your comments, please let me know if my concerns are ok or you would add something.
Thx.
Can you please take look on my analysis of NZDJPY base on candles closed on last week?
We are back below strong area of support (marked by arrows) with outside bar. It was third attempt at this line to break. I was planning to enter on 50% retrace and BE at bar low near middle box PPZ.
The contrary is that below we had break TL, and we have box and we are still in in uptrend.
So I will better pass this trade but I wanted to post something since I did not took any trade since few days already
Please let me know your comments, please let me know if my concerns are ok or you would add something.
Thx.