EUR/NZD 1D - This market has been respecting areas of Supply for quite some time now and we have recently seen price trade us up and into an area and reject nicely giving us this new bearish leg.
If you look to the left of this analysis you will see that price did in fact trade into a higher timeframe area of Supply where once penetrated delivered us with enough Supply to actually break structure to the downside.
This suggesting a higher timeframe move to the downside, allowing us to use this as our bias and find areas of interest where we could look to take this market short from.
I have gone ahead and marked out a fractal area of interest for us, the zone I have marked out represents a Supply Zone via a hidden order block.
I would love to see price trade into this and deliver us with another bear run, allowing us to get involved in this market at a better price with a more refined entry.
If you look to the left of this analysis you will see that price did in fact trade into a higher timeframe area of Supply where once penetrated delivered us with enough Supply to actually break structure to the downside.
This suggesting a higher timeframe move to the downside, allowing us to use this as our bias and find areas of interest where we could look to take this market short from.
I have gone ahead and marked out a fractal area of interest for us, the zone I have marked out represents a Supply Zone via a hidden order block.
I would love to see price trade into this and deliver us with another bear run, allowing us to get involved in this market at a better price with a more refined entry.