EUR/NZD THOUGHTS FOR THE NEXT FEW WEEKS
EUR/NZD 4H - As you can see price has been accumulating above this area of Demand, there is a-lot of liquidity sat here which I feel will be cleared and we will see price trade higher breaking out this range.
I have gone ahead and marked out a smaller more fractal area of Demand that I would like to see price pullback down into before taking us higher in the market. This gives us the opportunity to buy into this market at a better price.
Once price trades into this area we want to see the introduction of Demand and a flip in the S&D balance, we will have confirmation of this once we have a break of structure to the upside, that will confirm the flip giving us means to enter in on this market.
We can set our TP target just below the higher timeframe highs that have been put in, as we want to see price trade above those and go on to create a new bullish wave anyway. We can place our SL below the zone we look to take part from.
I have gone ahead and marked out a smaller more fractal area of Demand that I would like to see price pullback down into before taking us higher in the market. This gives us the opportunity to buy into this market at a better price.
Once price trades into this area we want to see the introduction of Demand and a flip in the S&D balance, we will have confirmation of this once we have a break of structure to the upside, that will confirm the flip giving us means to enter in on this market.
We can set our TP target just below the higher timeframe highs that have been put in, as we want to see price trade above those and go on to create a new bullish wave anyway. We can place our SL below the zone we look to take part from.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.