Hello Traders!
EURNZD has been moving correctional to the downwards for few weeks.
Technically, as we approach our Discounted Price there is major liquidity was left above and not retested but before going long, market need to induce completely as some trades still have running trades from 1D demand zone.
Demand Zone 🇪🇺🇳🇿
@1.75864
Reasons:
- Order Block (4h)
- Fibo 79.0
- Imbalance
- Liquidity
- Inducement
GOODLUCK!
EURNZD has been moving correctional to the downwards for few weeks.
Technically, as we approach our Discounted Price there is major liquidity was left above and not retested but before going long, market need to induce completely as some trades still have running trades from 1D demand zone.
Demand Zone 🇪🇺🇳🇿
@1.75864
Reasons:
- Order Block (4h)
- Fibo 79.0
- Imbalance
- Liquidity
- Inducement
GOODLUCK!