hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over...
NZDJPY H1 - LONG
Breakout retest where we are looking to buy at a support area @75.900, potentially creating the "Higher Low" that we need for a continuation of the uptrend.
Triangle consolidation at the top, now broke down and looking for a retracement or pullback for a potential trading opportunity, selling it towards the next support zone. Look for bearish price action or bearish pressure to catch the move towards the bottom.
EURNZD H4 - LONG
Initially, we have a bearish trend and it went into a consolidation period where prices are moving side ways, more of a falling channel/wedge pattern.
Current strength and momentum is bullish therefore, we are anticipating the breakout and retest confirmation for a LONG position
Drop down to the Lower Timeframe (LTF) for a BUY opportunity...
