EURNZD has swept BUYSIDE LIQUIDITY & reacted to supply zoneLater this week we posted a BUY setup for EURNZD. However, price had reached higher timeframe supply zone causing a lot of selling pressure. This has led to a new supply zone being formed (FRIDAY CLOSED LOWER) inside our demand zone. As this is our last swing high, we might experience price breaking lower and give us more bearish orderflow. For now we remain bearish until next VALID demand zone.
Price moves from INTERNAL LIQUIDITY to EXTERNAL LIQUIDITY, vice versa. On our chart, price swept buyside liquidity (external liquidity) and is now targeting internal liquidity.
These are strictly for statistical purpose, not signals. They are simply Trading ideas we see on the market and post to keep our Trading journal up to date.