dionvuletich
Long

EURNZD Daily coming into demand/ support areas

FX:EURNZD   Euro / New Zealand Dollar
28 0 3
Further to the NZDUSD             Idea there is also a demand level with a fibonacci retracement cluster approaching

People seem to think that big red bars = strong selling, but if you were filling large orders in small pieces it simply means inefficient pricing and sometimes slippage/ poor execution...

I love buying after strong drops like this one into areas of tight consolidation which are basically areas where orders were filled efficiently within a tight price and are therefore stronger, It's not always 100% true, but buying off support is better than selling into it

So looking to buy the reward to risk is good as big bars usually have few (if any) major levels within them that could stop them being fully retraced and then some...
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