4H Bearish Structure Pullback to previous liquidity zone/support. 1H TF currently bullish and respecting 50% fib retracement level. Could see respect off 4H trendline. Wait for candle volume and smaller TF structure to show bearish signs.
We've seen EurNzd break bullish structure after a lower low on the daily time frame. Market has retraced 61.8% and respected the level of resistance consistently. A look at smaller time frames, (4H & 1H), we see newly formed bearish structure. That being said, we have an excellent risk/reward ratio since we could be catching the move from a great position. See...