FX:EURNZD   Euro / Neuseeländischer Dollar
Retest back into a fresh demand zone , possible retracement, long opportunity

Stuff to remember:

— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further

— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly

— Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future

— The strong initial move can contain a few small retracements but not so many that make this move slow and weak

— Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run

— Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms

— Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance

— A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
Kommentar: Supply zone*
Kommentar: Who is in ?
Trade geschlossen: Ziel wurde erreicht
Very good ! Bravo
@Ron77, Thank you!
yes im in now!
majorlee majorlee
@majorlee, this chart is same just different times?
Tradewonk majorlee
@majorlee, Yes the same
i m in my friend from 1.6638, look the weekly doji 8/5/2016, i prefer the weekly supply and demand zones i think it s amazing, thanks u again for your great analysis it s realy helpfull!!!
+2 Antworten
will w4te for better condition on enter
U adjust ur target? Or just then first tg for u at break even?
Tradewonk Jaychria
@Jaychria, same target
Jaychria Tradewonk
@Tradewonk Thank U so very much... Happy Friday :)
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