NZDJPY (Review)
Well, this trade did not work out the way I thought it would. There were a couple of key things I overlooked while analyzing this chart:
*The weak highs that failed to on THREE OCCASIONS to break any lows.
*The successive higher highs on the chart despite being bearish order flow.
* The compression of price (visualized in an ascending triangle) which tends to mean bullish pressure
Well I think price is headed to downside in the medium-term as in the area left of OB's, and including highs where OB's were formed there are equal highs and a large candle where price is heading to mitigate. Once price reaches the 50% line is where it is predicted it will start the bearish descent.
*The weak highs that failed to on THREE OCCASIONS to break any lows.
*The successive higher highs on the chart despite being bearish order flow.
* The compression of price (visualized in an ascending triangle) which tends to mean bullish pressure
Well I think price is headed to downside in the medium-term as in the area left of OB's, and including highs where OB's were formed there are equal highs and a large candle where price is heading to mitigate. Once price reaches the 50% line is where it is predicted it will start the bearish descent.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.