EURNZD recently corrected from a strong rejection zone at the top, forming a clear bearish leg.
That decline ended exactly at a rising diagonal support, where price has reacted before.
The reaction from this trendline is clean — sellers slowed down and buyers stepped in, creating a sharp bounce from the support area.
This tells me the market is still respecting the bigger structure, not breaking it.
✨ My View
After such a trendline bounce, price usually attempts a pullback toward the nearest supply / reaction zone.
I’m not expecting a straight line move, but a controlled recovery toward the marked level.
My expectation area is:
🎯 Expectation Zone: 2.0300
This level aligns with:
1. Previous structure reactions
2. Mid-range of the recent move
3. Natural retracement area after a strong impulse from support
The arrows on the chart simply represent the natural flow price often takes after bouncing from a higher-timeframe trendline.
📘 Disclaimer
This is only my personal market view, not financial advice.
Trade with proper risk management.
That decline ended exactly at a rising diagonal support, where price has reacted before.
The reaction from this trendline is clean — sellers slowed down and buyers stepped in, creating a sharp bounce from the support area.
This tells me the market is still respecting the bigger structure, not breaking it.
✨ My View
After such a trendline bounce, price usually attempts a pullback toward the nearest supply / reaction zone.
I’m not expecting a straight line move, but a controlled recovery toward the marked level.
My expectation area is:
🎯 Expectation Zone: 2.0300
This level aligns with:
1. Previous structure reactions
2. Mid-range of the recent move
3. Natural retracement area after a strong impulse from support
The arrows on the chart simply represent the natural flow price often takes after bouncing from a higher-timeframe trendline.
📘 Disclaimer
This is only my personal market view, not financial advice.
Trade with proper risk management.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.