FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1341 9
Fresh demand zone ahead, a long opportunity.

Stuff to remember:

— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further

— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly

— Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future

— The strong initial move can contain a few small retracements but not so many that make this move slow and weak

— Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run

— Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms

— Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance

— A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is

— Trading only the first return of price to a valid, properly evaluated level can greatly increase your win ratio. Trading second or other subsequent returns will only dilute your trading edge.
Trade active
Comment: Looks promising.
Trade closed: target reached
Hey that worked out great. Maybe I can discuss with you more of your trading ideas
tradewonk dieseltrux1234
@dieseltrux1234, Thanks. Right now i just share my ideas. Hopefully in not long, i will do some mentoring
Great call !!!
@Blased, Thank you!
looks good... have you taken a position on this one.
tradewonk dieseltrux1234
@dieseltrux1234, Yes, i bought at 69.09 and after the small pull back, i have set to break even at 69.12
Big bearish spike on a M1 time frame
Sometimes when i trade on lower timeframe, h1 and lower.
do you use any candlestick pattern to confirm ?
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