Black Friday SaleBis zu 70% RABATT
Neuseeländischer Dollar / US-Dollar
Short

NZDUSD - Bearish Engulfing

Von justinholtgrave
Aktualisiert
NZDUSD has formed a 100 score bearish engulfing short setup on the daily time frame. After forming a head & shoulders pattern, price shot up above the right shoulder, breaking strongly out of the upper Bollinger Band, and was quickly rejected forming a bearish engulfing. A strong previous downtrend, a bearish engulfing on the daily and monthly time frames, and a very strong upper Bollinger Band outbreak confirm this setup. 1:11 Risk to reward ratio. SL set above bearish engulfing high. TP set above strong support near previous lows. I will include the monthly point of view in the comments below.
Anmerkung
Monthly POV: Snapshot
Anmerkung
The daily and monthly charts look very similar. They both have very strong previous downtrends which indicates that more downside is very likely. Bearish engulfing candles closed on daily and monthly time frames.
Anmerkung
Still holding short. Dropping as expected. Currently +217 pips in profit.
Anmerkung
Snapshot
Anmerkung
Resistance broken! Another bearish engulfing is forming on daily time frame.
Trade geschlossen: Ziel wurde erreicht
+432 pips profit.
Candlestick AnalysisDaily ChartsEngulfing CandleMultiple Time Frame AnalysisNZDNZDUSDSELLshortsupportSupport and ResistanceUSD
justinholtgrave

Verbundene Veröffentlichungen

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.