EURNZD Risk Visual with Entry Boxes & TPs
I have designed these charts to use in conjunction with your primary trading strategy, as a tool to manage your risk (SL and TP areas) and to help time your entries. This is a new scenario format I call a 'Risk Visual,' which after some trial and error, will work better on TV than my prior scenario formats. You have to read everything to get the full value of this chart.
All boxes represent value trading opportunities (black for sell, gold for long), based on my custom supply/demand and ATR analysis. The sine wave represents a simple PoC, or likely return zone for price action (a good take profit area). Gold lines are major technical levels.
My own system suggests a slight bearish bias, but with major news hits towards the middle of the week, anything can happen. I placed extrema boxes for such events to make that point clearer at a visual level. IF an extreme hit/miss read occurs than I recommend opening a position in the extreme box and taking profit in the nearest pressure box, instead of holding to the PoC.
Remember Monday is a holiday, but geopolitics never takes a day off. Trade news and Trump tweets are always on the table. And low session volume only means that price can move farther and faster than normal, contrary to popular belief.
Remember to follow if you like this content. I will be posting 3-4+ charts per week for at least the next 7 months.
My live trade setups have made 100s of pips over the last several weeks, and have an over 80% hit rate. Scenarios are a new addition that I want to continue publishing to help other traders (who already have their own strategies) manage risk, orders, and uncertainty more effectively.
All boxes represent value trading opportunities (black for sell, gold for long), based on my custom supply/demand and ATR analysis. The sine wave represents a simple PoC, or likely return zone for price action (a good take profit area). Gold lines are major technical levels.
My own system suggests a slight bearish bias, but with major news hits towards the middle of the week, anything can happen. I placed extrema boxes for such events to make that point clearer at a visual level. IF an extreme hit/miss read occurs than I recommend opening a position in the extreme box and taking profit in the nearest pressure box, instead of holding to the PoC.
Remember Monday is a holiday, but geopolitics never takes a day off. Trade news and Trump tweets are always on the table. And low session volume only means that price can move farther and faster than normal, contrary to popular belief.
Remember to follow if you like this content. I will be posting 3-4+ charts per week for at least the next 7 months.
My live trade setups have made 100s of pips over the last several weeks, and have an over 80% hit rate. Scenarios are a new addition that I want to continue publishing to help other traders (who already have their own strategies) manage risk, orders, and uncertainty more effectively.
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