Short

EUR/NZD Supply Zone 4HR - Short

Price is coming up into a supply zone on the 4hr for another test. Previous price swings to the downside are getting longer signalling to me that price is moving further down. Let's see a break in trend first before we consider an entry. We do this in order to clarify that buyers have left the markets and more sellers are coming. Things to consider are how strong the previous moves of this zone are as this could give us an indication of the next likely moved. We should also analyse the current move up i.e has it grinded it's way up, are the bars long, are they getting shorter or longer.

MTrader16

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