PREPPING FOR LONGS ON EUR/NZD

EUR/NZD 1H - Price has shown great signs of strength as it begins to break some of the protected highs from the bearish structure that traded price lower down and into the Demand Zone.

This shows that enough Demand has been introduced to flip the S&D balance. We now want to see price pullback to set that higher low so we can look to take part in this market and capitalise on the new bullish leg.

Once price trades back down and into the more fractal area of Demand this is where we will look to take the market higher, before we do this we must see a fractal break of structure to the upside.

That as we know confirms the end to the fractal correction and the start of the next impulsive wave. I have set my alerts and will wait now for price to pullback before I get involved in the market!