1 hour Entry to Ride The Weekly Bearish Momentum

Aug 10, 2019

From my previous post on the EURNZD, price was rejecting from a weekly supply zone and a quasimodo confluence, so we will be looking for short entries in the lower timeframes. As of market closure for the weekend, price was rejecting from the highlighted 1hour supply zone which confluences with the 38.2 Fib level and a possible broken trendline retest, providing a good risk reward opportunity to go short in sync with weekly timeframe momentum.