READ CHART FOR DETAILED VERSION
IN SHORT, THEY ARE CREATING VOLUME THROUGH STOPPING TRADERS OUT.
HIGH RSI READING D1
H4 RSI DIVERGENCE
KEY RESISTANCE 2.0800 - 2.0900
USUALLY I WONT ATTACH ATR, BUT I HAVE TO HIGHLIGHT THAT GBPNZD IS TRADING AT 244 PIPS ATR.
ONE OF THE MOST VOLATILE PAIRS I OBSERVE.
EVEN THE H1 HAS AN ATR OF 63.
THIS IS HOW I WOULD DESCRIBE STOP HUNTING, WHICH IS HIGHLY PROFITABLE IF ANTICIPATED WELL.
SORRY FOR THE LONG EXPLANATION BUT IT IS KEY TO UNDERSTANDING WHY THIS TRADE WOULD WORK.
SUBSCRIBE COMMENT LIKE IF YOU AGREE OR DISAGREE.
BUT OF COURSE, DUE TO THE RECENT STRENGTH OF GBP. PRICE COULD SHOOT OUT OF 2.1000, MAKING THIS TRADE INVALID. TRADE IS HIGHLY SPECULATIVE, RISKY. STRONG CONFIRMATION IS NEEDED.
- PIN BAR HIGH INVALIDATED
SHORT'S STOP ARE TRIGGERED
MORE BUYS ARE TRIGGERED
PUSH PRICE HIGHER TO BIG MONEY'S SELL ORDERS
FOLLOW BY PLUNGE.
FOLLOWED BY LONG'S STOP TRIGGERED.
FOLLOWED BY MORE PLUNGE.
IN SHORT, THEY ARE CREATING VOLUME THROUGH STOPPING TRADERS OUT.
HIGH RSI READING D1
H4 RSI DIVERGENCE
KEY RESISTANCE 2.0800 - 2.0900
USUALLY I WONT ATTACH ATR, BUT I HAVE TO HIGHLIGHT THAT GBPNZD IS TRADING AT 244 PIPS ATR.
ONE OF THE MOST VOLATILE PAIRS I OBSERVE.
EVEN THE H1 HAS AN ATR OF 63.
THIS IS HOW I WOULD DESCRIBE STOP HUNTING, WHICH IS HIGHLY PROFITABLE IF ANTICIPATED WELL.
SORRY FOR THE LONG EXPLANATION BUT IT IS KEY TO UNDERSTANDING WHY THIS TRADE WOULD WORK.
SUBSCRIBE COMMENT LIKE IF YOU AGREE OR DISAGREE.
BUT OF COURSE, DUE TO THE RECENT STRENGTH OF GBP. PRICE COULD SHOOT OUT OF 2.1000, MAKING THIS TRADE INVALID. TRADE IS HIGHLY SPECULATIVE, RISKY. STRONG CONFIRMATION IS NEEDED.