Daily analysis NZDUSD: lots of confluence
Hi guys,
today i want to share with you some of my analysis on NZDUSD. In order to have a complete vision we have to go on higher timeframes (for me the daily).
In this particular case we have a lot of different strategies that are pointing at the same level. As you can read in the chart we have fibs, harmonic moves, harmonic pattern, and most important, STRUCTURE.
I want you to understand that the whole process start from structure and from what price gives us as an indication of where it is likely to find some resistance.
Now that we have found our potential killzone it's time to search for opportunities in lower timeframes such as the hourly and the 4hr.
I'll let you know if i'm entering the market.
Hope you all had a great weekend.
Good trade!
today i want to share with you some of my analysis on NZDUSD. In order to have a complete vision we have to go on higher timeframes (for me the daily).
In this particular case we have a lot of different strategies that are pointing at the same level. As you can read in the chart we have fibs, harmonic moves, harmonic pattern, and most important, STRUCTURE.
I want you to understand that the whole process start from structure and from what price gives us as an indication of where it is likely to find some resistance.
Now that we have found our potential killzone it's time to search for opportunities in lower timeframes such as the hourly and the 4hr.
I'll let you know if i'm entering the market.
Hope you all had a great weekend.
Good trade!
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As you can the in the related ideas, i've found a double top with engulfing kicker in 1hr chart and took that as reason for entry.
