On the higher timeframes, EUR/NZD has sold off from a strong value area, and we’re now seeing well-defined structure forming on the lower timeframes. The 1H and 15-minute charts are showing clean price action, and the third touch has already played out.
At this point, I’m watching closely for an H4 entry setup. If the opportunity presents itself, I’ll look to take the trade and hold it through the week. We’re coming off a solid value zone, and with the range available, this setup has solid potential for continuation.
At this point, I’m watching closely for an H4 entry setup. If the opportunity presents itself, I’ll look to take the trade and hold it through the week. We’re coming off a solid value zone, and with the range available, this setup has solid potential for continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.