EURNZD has a bearish structure supported by a descending channel, with a high registered at 1.7935 on January 22nd. Currently, the price is in the H4 demand zone. I expect a possible trend reversal, with a change in structure to the upside on M15 followed by a retest in the BOS impulse zone. In this case, if the market follows this scenario, I would enter a long position during the retest only if the price does so within one of my three market entry timings. My target would be the level 1.7701, where there is a swing high with liquidity yet to be absorbed on H4. Greetings and happy trading to everyone from Nicola.
📈 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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📈 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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.