EURNZD SHORT ANALYSIS
Price took out buy side liquidity and broke structure to the downside(bearish). trendline liquidity was grabbed and price is headed to fill the imbalance left.
when price is at the POI, i will use lower time frame for confirmation entry.
when price is at the POI, i will use lower time frame for confirmation entry.
Note
Price is at the imbalance zone and i am waiting for entry confirmation(distribution) before taking any trade on EURNZDNote
price is manipulating the highs( distribution phase), a break of structure to the downside is the confirmation i am waiting for to take a trade on EURNZD.Note
break of structure did not happen as price continued higher. No trade was taken
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.