[Market Breakdown 4] EURNZD

28 Şub 2021

We are trending up on the Monthly chart.
We have rejected the Monthly -68 Fib and the Supply & Demand zone.
Our main bias will be long as history repeats itself most of the time.
If it breaks the Supply & Demand zone impulsively, i will switch bias from long to short.

28 Şub 2021

Not

We have received a bearish impulse followed by corrective nature with the trend on the Weekly chart.
We have rejected the major supply & demand zone as support.
We have received a solid bullish candle.
These are all indications for a long set-up.

28 Şub 2021

Not

We have received 2 solid bullish candles on the Daily chart.
We want to see a clear break of the descending trend (line) and the last LH.
This would be another indication for a long set-up.
Our confirmation would be a pattern in the form of an inverse head & shoulders.
We have a clear S&d zone at the region of interest.
If we do receive a pattern on the Daily we can go to the 4H chart for a precise entry.
Let's see what the market will give us.