EURNZD Long Bias

Hello traders,

A swing idea here..


The setup is looked at from technical perspective mainly. We can see the impulse and correction pattern, as well as a nice weekly demand (which i refined to 3D to publish)

I will not enter this trade immediately, i will wait for confirmation on lower time frame and go from there.

Trade safe guys! Wishing you a great week ahead.

Comment:

Update:

I am still not in the trade. As there is NZD news in few hours, we may see a spike down into the demand again. This would be the best way to enter, however, big SL.

I will not personally enter yet. I will wait and watch.

Comment:

Quick update.

I still can't see a clear LTF confirmation entry on this pair, therefore no entry for me yet..

Worst case scenario, if this demand zone breaks, I will monitor the one below. In general, I still stand by my bias, and will buy this pair when the confirmation appears on the chart.