4H supply that caused the recent break to the downside that is also unmitigated. Small supply that means we can trade aggressively of this zone. This zone was also respected by the supply that caused the shift in structure around 1.92500. Meaning are next supply is unmitigated and should be the choice of supply that price may respect.
Following our 3% gain on GBPUSD Yesterday, I can see EURNZD playing out very similar with this 4H supply that caused the further break to the downside and mitigating this supply before making further lows to the downside. We also have a key handle of 1.79000 which is a extra confluence in favour of this trade. Very simple trade but effective.
Can see a continuation of market structure to the downside here with the 2H supply that caused the recent break. Also have a key area of 1.22000.
Broken below a major demand level around 183.000 that kept being held. If we see a continuing bearish market in this pair we have a clean unmitigated 2H that supply that caused the break to the downside. Liquidity being built.