A sideway bounce setup is on the 1-hourly chart. This is one of the best setup for counter-trend traders, for them can wait for shorting opportunity on the red zone and buying opportunity on the blue zone.

With that said, trading confirmation is necessary.
askforex100Candlestick AnalysiscandlestickpatterncountertrendNZDUSDsidewaybounceSupply and DemandsupplyandemandzonesSupport and Resistance

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