undaba

EURNZD long from Discounted Price

Long
OANDA:EURNZD   Euro / New Zealand Dollar
Hello Traders!

EURNZD has been moving correctional to the downwards for few weeks.

Technically, as we approach our Discounted Price there is major liquidity was left above and not retested but before going long, market need to induce completely as some trades still have running trades from 1D demand zone.

Demand Zone 🇪🇺🇳🇿
@1.75864
Reasons:

- Order Block (4h)
- Fibo 79.0
- Imbalance
- Liquidity
- Inducement

GOODLUCK!
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.