DislikedHer is a NZDUSD daily trade on weekly zone. This 3 candle setup is well known (forgot name) I have 1000 points to top of lower zone and will set 2 trades (paper trading still) closing 1 at 500 points and moving to BE. Physical and mental stops shown Lime green line would be the entry. {image}Ignored
Technically the weekly BeLBC has NOT been closed out as a weekly candle has not closed above. However you can't ignore the weekly BuLBC week before last. Also last weeks candle couldn't even close half way down the weekly BuLBC week before last. You have to ask yourself why is this? Also look how price has already invaded the weekly BeLBC zone. No doubt any selling here is being consumed.
The daily chart shows daily BuLBCs being respected. Even today's candle is closing bullish so I don't have much faith in a serious bearish move.