EURNZD Buy โ€“ Retest at Weekly Breakout Zone

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๐Ÿ“… Date: 11/05/2025๐Ÿ•’ Timeframe: 4H / 1H

๐Ÿ” Market Bias:

Trend direction: Uptrend

Key structure: Higher highs and higher lows in 4h.

Fundamental/Bias if any: No major news scheduled; technical setup driven

๐Ÿ“Š Technical Analysis:

Key Support/Resistance zones:

1.90116 - 1.90515 โ€“ Weekly Resistance turned Support

1.90265 โ€“ Minor 4h Resistance

Indicators used:

EMA50: Price is holding above both on Daily and 4H, indicating bullish momentum

MACD: Showing early signs of bullish divergence on Daily timeframe

Chart patterns / Price Action:

Retest of broken weekly resistance with rejection wick

4H market structure shift + price breaking above EMA50 โ€“ early sign of trend continuation

๐ŸŸข Entry Criteria:

Trendline Break and retest of minor resistance near 1.9016 on 1H

Candle close above 1H EMA50 and trendline break confirmation

Bullish engulfing or momentum candle off support area


โš ๏ธ Risk Management:

Risk per trade: 1% of account

Trade invalidation if: Price closes below 1.89698 on 4H with bearish momentum

Nota
Forming another reversal pattern in Daily time frame. Monitor closely.

Penafian

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