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.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.