EURNZD at critical level
**Weekly Chart**
Last week's candle created a strong liquidity pool after it bounced from the daily manipulation candle of the previous week and closed as a bearish candle. Given the strong movement, we should wait for the market to give us a confirmation on its next move so we can clearly define the direction.
**Daily Chart**
We are here having two scenarios for next week.
1. Will the price pause near the first liquidity pool and reject the pricing by moving higher
2. Will the price break the liquidity pool and equal lows on daily and 4H and move lower just to towards equal highs and then turn around?
But before moving lower in both of the scenarios, I would like to see some rallies for short-term selling opportunities to capture the swing high movement for an additional collection of around 300 pips.
Last week's candle created a strong liquidity pool after it bounced from the daily manipulation candle of the previous week and closed as a bearish candle. Given the strong movement, we should wait for the market to give us a confirmation on its next move so we can clearly define the direction.
**Daily Chart**
We are here having two scenarios for next week.
1. Will the price pause near the first liquidity pool and reject the pricing by moving higher
2. Will the price break the liquidity pool and equal lows on daily and 4H and move lower just to towards equal highs and then turn around?
But before moving lower in both of the scenarios, I would like to see some rallies for short-term selling opportunities to capture the swing high movement for an additional collection of around 300 pips.
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