AUDNZD |BULLISH IMPULSE ON THE WAY|
HI! SIMPLE IDEA ABOUT AUDNZD. THE PRICE RECENTLY CREATED A NICE BULLISH IMPULSE ON THE DAILY TIMEFRAME (HIGHER HIGH & STRONG MOMENTUM). I THINK THAT THIS WAS THE START FOR A BULLISH CYCLE SO NOW IT WOULD BE THE TIME TO LOOK AT ENTRY OPPORTUNITY TO THE UPSIDE.
WE SAW A NICE RETRACEMENT LAST WEEK AND YESTERDAY AND I THINK THAT THIS RETRACEMENT IS NEAR HIS END. WHY?
1. THE PRICE MADE A COMPLETE BEARISH CORRECTIVE CYCLE (3 IMPULSIVE WAVES)
2. THE PRICE IS CURRENTLY IN A DAILY DEMAND ZONE
3. BULLISH DIVERGENCE ON THE H1
4. THE PRICE ALSO BROKE AN H1 OPPOSING SUPPLY ZONE
5. LOW OF THE WEEK ARE USUALLY CREATED ON TUESDAY --> CURRENT DAY OF THE WEEK
ENTRY CONDITION
I EXPECT A STOP HUNT ( 3 EQUAL LOWS) THAT WOULD ALSO BE OUR SPRING PATTERN IN A WYCKOFF ACCUMULATION SCHEMATIC
WE WILL SEE
CORBEAU_FX
WE SAW A NICE RETRACEMENT LAST WEEK AND YESTERDAY AND I THINK THAT THIS RETRACEMENT IS NEAR HIS END. WHY?
1. THE PRICE MADE A COMPLETE BEARISH CORRECTIVE CYCLE (3 IMPULSIVE WAVES)
2. THE PRICE IS CURRENTLY IN A DAILY DEMAND ZONE
3. BULLISH DIVERGENCE ON THE H1
4. THE PRICE ALSO BROKE AN H1 OPPOSING SUPPLY ZONE
5. LOW OF THE WEEK ARE USUALLY CREATED ON TUESDAY --> CURRENT DAY OF THE WEEK
ENTRY CONDITION
I EXPECT A STOP HUNT ( 3 EQUAL LOWS) THAT WOULD ALSO BE OUR SPRING PATTERN IN A WYCKOFF ACCUMULATION SCHEMATIC
WE WILL SEE
CORBEAU_FX