EURNZD short Update (Wyckoff, Supply Demand, Stop Hunting)

Like my previous Analysis on EURNZD I expect the price to drop.

Wyckoff and Stop Hunting:
We see here a nice example for a Upthrust Number 3. Price Fake Out the Resistance Zone to catch some SL from the Retail-Trader. This is called Stop Hunting. This is why I prefer trading Supply and Demand Zone. Like you clearly see price never broke the Supply Zone and did not fake it out. The confirmation for the Upthrust Number 3 is the low Volume that you can see on the chart.

Supply and Resistance:
Price went up to the Supply Zone and then started to drop. The second touch now, to grab more liquidity is at the Resistance Zone.

Fib-Retracement:
You can also can draw the Fib-Retracement. It will show you exactly that the price made a pullback to the 0.5 Fibo. Level.

Candle:
The h4 candle stick shows reversal Pattern

Confirmations:
1) Wyckoff
2) Supply Zone
3) Resistance Zone
4) Fib-Retracement
5) Candle

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