EURNZD - Possible Long Next Week
- Panagiotis Diamantopoulos
- Mar 21
- 1 min read
This is how to read the chart:
Location : Major Fib - ranging up and down several days
Huge down waves but price does not close below Fib - that's Wyckoff Effort vs Result concept and Speed Index is there to notify us about that 36.5, 41 .5 and 58.0. These are abnormal SI numbers at bottom - therefore most probably heavy Accumulation.
To confirm the reasoning and not to get stuck in more ranging enviroment waiting for the break next week, ideally with a Plutus Long signal on a lower time like H1 or H4.
If you cannot grasp the concept , I am here to help, just contact me.
Enjoy!
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