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)
Dagangan ditutup: sasaran tercapai
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.