EURNZD 4H Trade Setup-30m Timing-5m Entry Point

These 3 charts helps us understand how to use a 4H chart to find a trade, how to use a 30 m chart to find the market timing as not to enter too early into the trade, and the 5m chart to find the best entry point to give us the best risk to reward entry.
Macd helps us to find direction and reversal points from the Macd being over sold/bought from the stochastic 20/80 blue dotted level lines. The Macd red 0 level line helps to know trend bias (price above red 0 level possible bullish bias)
Take profit levels will be covered in an update.
Any question you have on the dual macd/stochastic send me a PM and I will be glad to help you setup this indicator.

Komentarz:

Trade closed
Market timing on 4H wrong
One more Bearish Swing Low developed
New 4H Trade setup is now RSI 80-20 Bullish Reversal