It's a quiet week no trades yet, but that's a good thing.
That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works.
NZDUSD 4H long is on only thing that caught my attention and I will explain why.
First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good.
Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again.
What's also really nice after the deep red candle we see some small indecision candles.
The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter.
If not I skip the trade with no problem :)