EUR/NZD is showing an upward trend with a rising momentum that aligns perfectly with the demand zone. Here, the price is reacting in the early hours of today, right at the Fibonacci level of 0.62%. This area could propel the price towards the upper part of the bullish channel, approaching the supply zone where a liquidity grab may occur, creating false expectations on the upside above the level of 1.7825. This might be followed by a descent towards the demand zone at 1.7580, which the price has not yet touched.
It is precisely in that area that I will assess a long entry with a structural change at the M15 level. Currently, the strategy is to be patient and await a retest. I will keep you updated on the evolving situation. Greetings and happy trading to everyone.
It is precisely in that area that I will assess a long entry with a structural change at the M15 level. Currently, the strategy is to be patient and await a retest. I will keep you updated on the evolving situation. Greetings and happy trading to everyone.
Nota
The market showed a strong impulse during the London session, with the creation of a Swing Low that confirms a possible uptrend.Nota
Price broke the demand zone, now I'm waiting for a retest 
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Penafian
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📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.