Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
EURNZD has been overall bearish trading inside the red channel and it is currently sitting around the upper red, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a break below the last low in gray.
Meanwhile, until the sell is activated, EURNZD can still trade higher. If we break above the blue zone from H4, then the sell setup would be invalidated.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on H4: Left Chart
EURNZD has been overall bearish trading inside the red channel and it is currently sitting around the upper red, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a break below the last low in gray.
Meanwhile, until the sell is activated, EURNZD can still trade higher. If we break above the blue zone from H4, then the sell setup would be invalidated.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal