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trading pals

trading pals

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NZDUSD 16.07.21 - H4

looking at our previous h4 candle price closed above the high although it did not push as much as we would like it to. right now price has completed a wickfill which can be seen as a retracement for price to push higher. we need price to reject this low and definitely push higher for this h4 candle printing now to create a new high which can keep pushing price higher to our target. if price fails to create a new and closes below the previous high then our trade would have been invalidated

Reviews

kim bolland

Reviewed

good points I see here but price I failing to hold a stable high. if the pullbacks it id and he highs it created, price keeps creating better lows which could push price way lower

Ignas Mary

Reviewed

if price does reject the low today, maybe this trade will play out in this coming days

trading pals

africa
Reviewed

The only problem is that price is too bearish. I would prefer if the daily candle could close above 0.69724 otherwise we could see it consolidate more at the bottom then drop again. But at least if the daily candle closes above 0.69450 as george said, it will have chances of pushing higher

hamango george

Reviewed

that means price will need to close above 0.69450

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