What we have here is a SHORT position on NZDJPY (1HR Timeframe)
My Bias:
In the context of the Higher Timeframe:
i'm expecting the ride the wave down to the WEEKLY TL, to retest then i'll re-evaluate my position and look for potential LONGS
#BearringtonTrader
My Bias:
- 1HR Setup was preceded with a Reg Bear Divergence
- PA showed a rejection of the 88.6 level, confluenced with a supply zone at 75.975
- Missed WEEKLY and MONTHLY pivots at 75.03 and 74.0897
In the context of the Higher Timeframe:
- WEEKLY PA had been making new lows, however we have a Bullish CTL close
- DAILY also formed a 123 with P3 rejecting the 200MA and 78.6 fib level/88.6 fib fans
i'm expecting the ride the wave down to the WEEKLY TL, to retest then i'll re-evaluate my position and look for potential LONGS
#BearringtonTrader
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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.