FX:EURNZD   Euro / New Zealand Dollar

I consider these 4 components when taking my trades.

Levels - Look for previous Resistance levels to become areas of support, Look for previous Support levels to become areas of Resistance.

Structure - Basic Elliott Wave Concepts. Look for An Impulse Leg making a new Higher High or Lower Low, then wait for a pullback to Level. Structure qualifies Identified Levels as Trading Levels.

Reaction - Once Level, Structure and Liquidity have been Established the final step is to see the market react at the Pre Determined Level.

Fractals - Markets are Fractal, I like to see the market react from a Level then drop 2 timeframes and watch for a second iteration (Level, Structure, Liquidity).


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