HOW TO: Identify a Buying wave vs. a Selling Wave using Weis Wave with Speed Index One excellent interpretation is noted by @tdtrdview, of course there are more.
Coming from my previous idea: Even they are both up waves, Wave 1 is buying wave and Wave 2 is a selling wave. How do I know? Speed Index wave 1 normal speed index of 5.0 , wave 2 abnormal speed index 12.9 (Effort vs Result). The average speed Index is 7.5. I hope you are Short. That's exactly what David Weis book title "Trade is About to Happen" . Enjoy!
What's the difference between up wave 1 and up wave 2, apart from the fact that wave 2. is a bit larger? Looking forward for your comments Tip: look on the chart.
Hello,Traders! EUR-NZD will soon hit A horizontal resistance Of 1.7922 from where I will be expecting a Local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dear Traders, EURNZD recently broke out of ascending channel and also took out the sell side liquidity. Possible bullish price momentum expected to fill the market gap that it left behind. Use smaller time frame for entry and enter with proper risk management. Remember patience pays and this is our bias, yours can be different. Good luck and thanks as always...
My dear friends, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.7768 pivot level. Bias -Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.7860 About Used Indicators: Pivot points are a...
continuation of the previous impulse down additional confirmation as fibo levels
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This is my setup for EURNZD. Market has broken the structure to upside so we have to go Long from Valid Position.
EUR/NZD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the...
The markert has completed a expanding flat correction and therefore wave C is expected. the EUR is very bearish and will be for weeks to come. watch the ECB to lower the EUR as we have a strong NZD from the strong CPI print
Seeing how bullish momentum has been identified. I'm looking for the continuation to the upside with a Buy limit order. using the Smart Money fundamentals, we are buying in the discount area and taking it through premium pricing. looking to hold for the rest of the week until Friday closing around the 1.80 mark in pricing based on the Fib extension I have placed....
Possible EURNZD buy scenario Look for ltf confirmation if taken direct entry manage risk properly 1:2-3 RR Indicator based SMC approach. Follow and like for more setups.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Consider BUYING EURNZD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Hello,Friends! The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.758. ✅LIKE AND COMMENT MY IDEAS✅