top of page

EURNZD Full Market Breakdown

Here's a breakdown of EURO NZD on all timeframes, along with an update on trade entries.

Lets start with the Monthly time frame

EURNZD Monthly Chart:

-Has been in a uptrend then started consolidating.

-Has been rejecting monthly Supply zone for a year.

-Created a lower high last month

-That was used for entry point.

-Now it’s coming to a monthly demand zone after a uptrend break

-will it respect or break through?

Stop loss is now in profit and target is the next low


Next up Weekly

EURNZD Weekly Chart:

-Price hit monthly supply zone, Lower lows and lower highs are being formed.

-Uptrend was broken which was used as a retest zone for sells.

-Few weeks of downtrend formed. Now price is coming to a weekly demand to potentially buy back up in order to retest the supply.

-will it respect or break through?

-A buy opportunity could be presented if the trendline breaks

-A sell opportunity could be presented after a break through the zone or a pull back.


EURNZD Daily Chart:

-Price Broke structure at the top and made lower lows and lower highs.

-Red zones on the right represent retests for sells as lower high entry's.

-Now price is coming to a Daily demand to potentially buy back up.

-will it respect or break through?

-A buy opportunity could be presented if the trendline breaks OR price sweeps liquidity present under the demand zone.

-A sell opportunity could be presented at the next lower high.


EURNZD H4 Chart:

-Price Broke structure at the top and made lower lows and lower highs.

-White zone represent retests for sells as lower high entry's.

-Now price is coming to a Daily demand to potentially buy back up.

-will it respect or break through?

-At present a lower low could potentially form.

-A buy opportunity could be presented if the trendline breaks OR price sweeps liquidity present under the demand zone.

-A sell opportunity could be presented at the next lower high.


EN Trade:

-EURNZD sweeped below the demand and then broke structure to the upside. 

-First trade taken at the sweep of the lows.

-Second trade taken at the next HL

Compound entries at breaks and retests.




10 views0 comments

Comments


bottom of page