EURNZD just broke structure on the 4H chart and is now pulling back into a zone where things could get interesting. After the initial drop, price is retracing into an area filled with imbalance and liquidity.
This looks like a setup where the market may lure in buyers before making its next move lower. If sellers step in where expected, we could see a clean continuation to the downside.
As long as price remains beneath that reaction zone, the bearish narrative stays intact. One to keep an eye on in the coming sessions.
Just a word of caution: Always wait for a clear change of character on the 15-minute timeframe before considering any entry. If that confirmation doesn’t show up, price can easily break through the zone and continue climbing.
This looks like a setup where the market may lure in buyers before making its next move lower. If sellers step in where expected, we could see a clean continuation to the downside.
As long as price remains beneath that reaction zone, the bearish narrative stays intact. One to keep an eye on in the coming sessions.
Just a word of caution: Always wait for a clear change of character on the 15-minute timeframe before considering any entry. If that confirmation doesn’t show up, price can easily break through the zone and continue climbing.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.