HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3 AND IS CURRENTLY DOING THE FOURTH (CORRECTIVE WAVE).
ENTRY ZONE:
I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE.
1. H1 DEMAND ZONE
2. 0.618 FIBONACCI CONFLUENCE
3. 1.77500 PSYCHOLOGICAL LEVEL
I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE
TAKE-PROFIT:
THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
ENTRY ZONE:
I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE.
1. H1 DEMAND ZONE
2. 0.618 FIBONACCI CONFLUENCE
3. 1.77500 PSYCHOLOGICAL LEVEL
I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE
TAKE-PROFIT:
THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
