EURNZD still looks bullish
Please refer to my previous Idea of 21st January 2024
Last week was a quite week. There were sideway movements in majority of the markets due to less of Red folder news which was concentrated during two days of last week (Wed&Thus). Therefore, I am expecting some movement this week. Therefore, my analysis still remains for this week.
The last daily candle formed a Manipulation (or Order Block) suggesting the price to move lower.
My plan for this week is: 1. Look to sell EURNZD until it moves towards demand zone.
2. Buy EURNZD after a good confirmation if it is unable to break structure and target supply zone.
Check the price movement illustration based on my analysis
Last week was a quite week. There were sideway movements in majority of the markets due to less of Red folder news which was concentrated during two days of last week (Wed&Thus). Therefore, I am expecting some movement this week. Therefore, my analysis still remains for this week.
The last daily candle formed a Manipulation (or Order Block) suggesting the price to move lower.
My plan for this week is: 1. Look to sell EURNZD until it moves towards demand zone.
2. Buy EURNZD after a good confirmation if it is unable to break structure and target supply zone.
Check the price movement illustration based on my analysis
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