EURNZD 22-26 [NOV] Analysis - Imbalance and Short Entry?
Updated
Here I have observed a few indicators providing a possible short entry.
1. We have imbalances as noted off the H1 chart and these may encourage PA to revisit these areas.
2. TDI on the H4 has exited and waiting to re-enter BB upper blue line. This could be a good entry point for the short.
3. The upcoming quarterly retail sales release from New Zealand will have some influence on the PA but if the entry happens prior to this then we will take a short for 30-50 pips.
1. We have imbalances as noted off the H1 chart and these may encourage PA to revisit these areas.
2. TDI on the H4 has exited and waiting to re-enter BB upper blue line. This could be a good entry point for the short.
3. The upcoming quarterly retail sales release from New Zealand will have some influence on the PA but if the entry happens prior to this then we will take a short for 30-50 pips.
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Trade entered!Trade closed: stop reached
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