On this eurnzd chart you may note that the pair is moving for quite some time between the lower area of support and the middle line of resistance.
The last two bullish impulsive candles have been greeted with two bearish impulsive candles.
There is therefore lots of bearish pressure on this pair not allowing it to go higher.
Stochastik is crossing downwards therefore this recommendation is for daytraders to look for short opportunities on smaller time frames.
This is just because it makes no sense to short in the middle of the range if you are looking for a swing trade.
Look for 5/8 moving average crosses on the 15 min chart only chosing bearish setups.
Like this since trading is all about probabilities you put the odds in your favour.
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