Hi traders,

THE STATEMENT
Here you have a quick scalp idea on EURNZD, using H1 for directional bias and M10 for execution.

THE PLAY
On H1 time frame, there is a bearish RSI Divergence forming since 14th of January 2022. However despite the RSI Divergence, there is no other confluences indicating a reversal (no Break of Market Structure or Lower Lows and Lower Higs), meaning: We sit on our hands!

On 18th January 2022, there is a clear Double Top forming (clear rejection between 10h00 and 11h00).
תמונת-בזק

To consider going short, we need the price to create a Lower Low and Lower High. For our trade execution we are looking for an entry on the 10 minute time frame.תמונת-בזק

Price breaks our level and rejected it as well as EMA 21. Additionally candle closes as an Inverted Hammer.
תמונת-בזק

THE RESULT
+2.5% for a quick intraday play that lasted 4 hours.
תמונת-בזק
Double TopDouble Top or BottomEURNZDhourlytimeframeintradaytradeInverted HammerlowertimeframeshortSupport and ResistanceTrend Analysis

גם על:

כתב ויתור