EURNZD - A 'NEUTRAL' ANALYSIS

Nov 15, 2023

the latest trend in the 4 hour time frame has been uptrend, but recently the price hunted stop losses and is moving down, there has been a change of trend to downtrend in the time frames lesser than 1 hour. So there is a demand area, a strong low, in the 4 hour time frame now, if that breaks then we can look for short opportunities, else if the price touches the demand and shows a change of character in the lower time frame then i am gonna go long, keeping the 0.618 level of fibs as the target. LETS SEE HOW IT TURNS OUT TO BE.