EURNZD market outlook

19 Nis

EURNZD
EURNZD is placing out some possible setups for the following week, price tapped in the 4-hour demand zone below and played out nicely towards the upside without signs of weak buying momentum. But because the H4 demand zone below was respected, there are two possible scenarios we should expect. We should not get into sells on the H1 supply zone directly but instead should wait for lower timeframe confirmation. If price broke above H1 supply zone and closed with strong bullish candle, we could look for buy opportunities on small timeframe pullbacks up to H4 resistance zone. However, as we are still on a high timeframe bearish structure, we should prioritise looking for sell opportunities.

23 Nis

İşlem kapandı: hedefe ulaştı

Price has tapped back into the H4 demand zone.