Nzd/Usd Daily Chart. Price Respecting Structure Levels.
Nzd/Usd is still respecting the TREND STRUCTURE LEVELS DRAWN ON THE CHART with the Yellow Lines.
So if you go to the daily chart and change the chart from a Candlestick Chart to a Line Chart you can Identify these levels with relative ease!
When Drawing These Level's , You need to prove to yourself that this is indeed the levels of structure by drawing arrows, changing charts to line charts, even heiken ashi if needed.
Price came down to a level of structure and touched it PERFECTLY... And I believe that it will move up from here! Should you enter a buy because of this information alone?
NO!!! Confirm a buy with moving average crossover, or however you confirm the buy with your trading system!
Remember to take profit at the next level of structure just in case price moves down from there...
Details on the chart! I hope it makes sense!
So if you go to the daily chart and change the chart from a Candlestick Chart to a Line Chart you can Identify these levels with relative ease!
When Drawing These Level's , You need to prove to yourself that this is indeed the levels of structure by drawing arrows, changing charts to line charts, even heiken ashi if needed.
Price came down to a level of structure and touched it PERFECTLY... And I believe that it will move up from here! Should you enter a buy because of this information alone?
NO!!! Confirm a buy with moving average crossover, or however you confirm the buy with your trading system!
Remember to take profit at the next level of structure just in case price moves down from there...
Details on the chart! I hope it makes sense!