On the 1-hour chart, EURNZD is approaching the 0.618 Fib retracement level and testing a Fair Value Gap (FVG) 🟧 after a strong bearish move.
- Supply + OB zone above 1.96600 is acting as resistance
- Demand + OB zone near 1.94000 is the target area
Plan:
- Expecting a rejection from current levels (1.95500 – 1.95700) or from the upper supply zone
🎯 Target: Demand Zone near 1.94200 – 1.94000 (≈ 150 pips potential move)
🛡 Invalidation: Clean breakout and hold above 1.96600 supply zone
Reasoning:
- Market structure remains bearish after the recent drop
- Supply zone + FVG + Fib retracement creates a strong confluence for rejection
- Looking for confirmation before short entry
(Not financial advice – just a personal market observation)
- Supply + OB zone above 1.96600 is acting as resistance
- Demand + OB zone near 1.94000 is the target area
Plan:
- Expecting a rejection from current levels (1.95500 – 1.95700) or from the upper supply zone
🎯 Target: Demand Zone near 1.94200 – 1.94000 (≈ 150 pips potential move)
🛡 Invalidation: Clean breakout and hold above 1.96600 supply zone
Reasoning:
- Market structure remains bearish after the recent drop
- Supply zone + FVG + Fib retracement creates a strong confluence for rejection
- Looking for confirmation before short entry
(Not financial advice – just a personal market observation)
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.