Hello guys,
Just want to bring to your attention this trade, I think it offers a very good risk-reward ratio especially if it turns out to be a buy. Yesterday, we saw that bullish reversal candle forming a double reversal pattern right at the yearly 38.2% Fibonacci level with stochastics forming a buy signal in the oversold area.
The right trading plan before initiating a long is to wait for a confirmation candle to form and that happens if today’s candle closes as a bull or there is a long lower wick which is about 80-90% of the candle. If that forms then we buy on the lower timeframe tomorrow upon confirmation.

EURNZD Daily Chart-28.06.2016

Source: Dalmas Ngetich


  1. Zelda says:

    Thanx Dalmas. Will keep an eye out tomorrow.

    1. Dalmas Ngetich - FOREX.TODAY says:

      For sure, we shall trigger a buy-from all lows in the 15min chart- immediately there is a break above Friday’s high

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.