EURNZD Continuation setup following recent bearish momentum
The market has recently pushed down with momentum.
Price attempted a timid "echo bounce" back into the broken support but was rejected, confirming this area now serves as area for bearish re-entries.
From what I can tell, we're entering the next leg of what I call the “Gravity Spiral Phase”, where sellers take over after taking a clear zone. Each wave down is not just a move, but a continuation of momentum migration into new bearish move.
Target: 1.93500
This level marks the next gravity anchor, a zone where price memory may attempt to stabilize, but only temporarily.
Price attempted a timid "echo bounce" back into the broken support but was rejected, confirming this area now serves as area for bearish re-entries.
From what I can tell, we're entering the next leg of what I call the “Gravity Spiral Phase”, where sellers take over after taking a clear zone. Each wave down is not just a move, but a continuation of momentum migration into new bearish move.
Target: 1.93500
This level marks the next gravity anchor, a zone where price memory may attempt to stabilize, but only temporarily.
Ordine annullato
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Pubblicazioni correlate
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.