KreditK

EUR/NZD Idea

FX:EURNZD   欧元/纽元
56 0 4
Price followed suit perfectly as to my previous prediction. We can now see higher highs and higher lows becoming established. I'm anticipating a drop down to the 1.55 handle/3rd touch of the trendline and then a push higher.

Rules of engagement - After confusing myself with endless forms of strategies and techniques, I found the "simple" approach to be most admirable and genuine. I initially look at market structure from all higher time frames (market structure is my number one indicator, to me it is the "holy grail" - I found that many individuals make a very brief introduction of it and then move on to very comprehensive techniques. Proper analysis solely based off of market structure is detrimental). I then use my fibonacci levels, key levels, and occasional trend lines to form a case. Divergence will always be important to me as well, but one must understand the context of it. Lastly, shifting between various forms of time based and non-time based charts can be helpful... Just my 2 cents.
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