the EURNZD price in the 4 hr timeframe sweeped the liquidity above a resistance that formed over the days and immediately went downwards with great imbalances such that it even broke a demand and a strong low, making the first change of character from uptrend to downtrend. having the market structure with early signs of downtrend and me being a little defensive. i am gonna go short only after multiple confirmations:
taking short if:
* the price touches the supply and makes a change of character in the 15m TF
* the price has enough liquidity to hunt to fuel its run
* the market stops out some retailers.
Lets see how it turns out to be.
taking short if:
* the price touches the supply and makes a change of character in the 15m TF
* the price has enough liquidity to hunt to fuel its run
* the market stops out some retailers.
Lets see how it turns out to be.