Institutional Candle on the 1H

Dolar Australia / Dolar New Zealand (FOREXCOM:AUDNZD)

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FOREXCOM:AUDNZD Dolar Australia / Dolar New Zealand

Market Confirmations:

- Market is bearish overall
- The purple area is a mark up of an institutional candle on the 1H time frame.
- Once price is mitigated in the institutional candle area. Price may retrace and continue to go in a down trend

Entry:

- I set a buy limit at .04234
- Although if price retraces to tp1 and/or tp2. I will be looking for shorts

If you don't know what an institutional candle is, please search it up on google or youtube.

Komen:

Just an update: I know market is bearish. I am looking for only one buy which has a tp around the next lower high. Then I am looking for sells, as the market is bearish. :)

Penafian

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