EURNZD - Short Trade
Updated
On Tuesday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram).
As a target, I prefer the opposite key level - 4H demand zone
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram).
As a target, I prefer the opposite key level - 4H demand zone
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Trade active
Got in
Trade closed: stop reached
-1R
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