EURNZD SHORT
Updated
Fib retracement levels, market is currently in a pullback from that impulse to the downside.
Previous support zone sits between the 0.382 and 0.5 levels. Market might retrace to those levels and turn support to resistance at that zone.
If that happens, price will also be testing the 10 EMA on the 4H TF.
Potential 140 pips.
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Previous support zone sits between the 0.382 and 0.5 levels. Market might retrace to those levels and turn support to resistance at that zone.
If that happens, price will also be testing the 10 EMA on the 4H TF.
Potential 140 pips.
Kindly like and follow if you find this helpful.
Trade active
Price did not have that much pullback, bears have the power as seen on higher timeframes (D, W, M). Trade active, 60 pips in the bag. Hopefully we hit TP (140 pips) today. This pair moves fast.Trade closed: target reached
There were some slow days, a lot of consolidation. Price hit TP, if you were patient.Remember: You don't control the market. The market does what it does, you have to react to it.
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