EURNZD potential SHORT to 1.78600

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On the 4H TF, we can see that price has crawled into a 4H OB after the previous breaking of Market structure that had been held on the 1D TF. Price will potentially roll over into 1.78600, an institutional level, in order to take any imbalances in the market however it has potential to continue to fall past that as the line at .78600 where market structure was previously held as it has been broken and may now be considered 'weak' so this move could well be long term but at the least, price should definitely be looking bearish for the time being with additional confluences being current candlestick PA and with price being above the central Pivot, hence suggesting a selling zone.

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أغلقت الصفقة: تم الوصول للهدف

Price has traded into target range from Monday trading after going in to test the OB once more, after which it continued a 250+ pip move downward