EURNZD - Weekly short

23 lug

For those who want to try and keep a weekly operation, this is a potential candidate.
Levels on the chart. Remember that whether you are intra day trading or trading daily and weekly swings, money management rules do not change: should the be hit, that loss should not be greater than 0.5 or 1% of your free equity, so calculate your position size accordingly.

24 lug

Trade attivo

You are getting the perfect 1 hour setup: sell stop order below the 1 hour flat (1.94). Stop loss can be reduced to 1.956 in this case. Weekly engulfing needs to be confirmed, but to do that we need to wait Friday's close.

24 lug

Nota

(Actually it is a 15 minute flat, and the stop sell should be at 1.939 to be more precise)

25 lug

Nota

This hour is crucial (8 to 9am London time). If this is not a red candle engulfing the previous, we will call the trade off.

25 lug

Ordine annullato

Trade's off, no setup and structure invalidated.

28 lug

Nota

We might get the weekly engulfing and a setup this week. But at this point we need a 15 min or even better a 1hr correction first, before we can confirm the downside. Stay tuned.