wait for the retest before buying into this, if you look properly you would see an inverse head and shoulder on folding
EurNzd has presented us with an impulsive move down ,and now presenting us with an continuation corrective wave known as (ABC corrective structure). we are going to be shorting this market at the completion of the C-corrective wave, which is likely going to be in confluence with 61.8 or 78.6% of fib. upon which you look out for price action for confirmation.
wait for the break and then the retest of the broken demand as supply,then you can short this market.
look for retest around 61.8 or 78.6% of fib. area before shorting this market
wait for the broken supply area to be tested as demand area which is in confluence with our upward trendline as additional confirmation, take a long position
lets wait for correction for at least 61.8 or 78.6 % of fib before entrying this market.
wait for a retest around the 61.8 or 78.6% of fib. with price action in confirmation for continuation of this trend to the upside
now we know momentum is to the upside upon the break of the supply structure now we wait the retest of the broken supply area as demand are with price action in confirmation we take a long position
lets wait for this last impulsive move to correct at least 61.8% of fib. before we can anticipate another continuation impulse
this is ABC continuation pattern on folding on EURAUD, the C-wave is currently being rejected at 61.8% of fib at this point i will be looking to buy this market on the hour mark.
we wait for price to get to the supply zone via this channel, now we look for reaction around that area like a strong rejection,lookout for the first impulsive down out of the channel for us to be in confluence with momentum,now we wait for price retest of the just broken channel for short entry opportunity.
price on this pair is currently in a range, so we look for long opportunity when price gets to the base of the channel and vice versa when price gets to the top of the channel.
EURNZD just broke the supply zone lets wait for it to retest the now broken area as demand zone with price action in confirmation, take a long position in this market.
EurAud has broken out from this supply zone now we wait for price to come back and retest that supply area that just got broken as demand zone with price action in confirmation we take a long position on this market.