EUR/NZD is showing an upward trend with a rising momentum that aligns perfectly with the demand zone. Here, the price is reacting in the early hours of today, right at the Fibonacci level of 0.62%. This area could propel the price towards the upper part of the bullish channel, approaching the supply zone where a liquidity grab may occur, creating false expectations on the upside above the level of 1.7825. This might be followed by a descent towards the demand zone at 1.7580, which the price has not yet touched.
It is precisely in that area that I will assess a long entry with a structural change at the M15 level. Currently, the strategy is to be patient and await a retest. I will keep you updated on the evolving situation. Greetings and happy trading to everyone.
It is precisely in that area that I will assess a long entry with a structural change at the M15 level. Currently, the strategy is to be patient and await a retest. I will keep you updated on the evolving situation. Greetings and happy trading to everyone.
Note
The market showed a strong impulse during the London session, with the creation of a Swing Low that confirms a possible uptrend.Note
Price broke the demand zone, now I'm waiting for a retest 
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.