This is a chart of EURNZD on the 4H timeframe. Here's what it shows and what you can post:
Analysis:
- CHoCH (Change of Character) shows a shift from bullish to bearish structure.
- Price retested the supply zone after CHoCH.
- Now it's reacting downwards from that area.
- Two Take Profit zones (TP1 and TP2) are clearly marked as price targets.
What to do:
- Look for sell entries below the retest zone.
- Set your targets at TP1 and TP2.
- Confirm with lower timeframe structure or candlestick patterns before entering.
Analysis:
- CHoCH (Change of Character) shows a shift from bullish to bearish structure.
- Price retested the supply zone after CHoCH.
- Now it's reacting downwards from that area.
- Two Take Profit zones (TP1 and TP2) are clearly marked as price targets.
What to do:
- Look for sell entries below the retest zone.
- Set your targets at TP1 and TP2.
- Confirm with lower timeframe structure or candlestick patterns before entering.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.