This is my idea. At this point it is possible to observe a harmonized pattern in this pair, which indicates a reversal in the tedency. This point corresponds to a good area of supply and demand. It is possible to observe divergences in tdMACD and RSI.
To confirm the entry we will have to wait for the stochastic to reach the level of 8 and for the graph to...
This is what I see, forming a bullish wedge at 1am
Entry to purchase at 0.6900
SL 0.6870
TP 0.6995
This entry corresponds to the formation of the last wave of Elliot, with the average trend line and the moving average.
After that we may be thinking about going for short.
The idea is that at this moment there has already been a divergence in the stochastic. Good chance to go short.
Divergence in TDMACD in 4h.
What I would really like to see is the pair force again the 61.8% fibonacci point and respect that point, if that happen I go short. If you do not respect this point you can reach 78.6%.
The idea is that the pair EURNZD designed a harmonized pattern sustained with the occurrence of a stochastic divergence and with a divergence in the TDMACD in 1h.
This point also corresponds to a Pivot Point.
As the candles the doji yesterday's day and the possible today imply a good buying opportunity.
