EUR/NZD currency pair on the 1-hour timeframe. EUR/NZD currency pair on the 1-hour timeframe. Key details and observations from the chart:
1. Pair and Timeframe: EUR/NZD, 1-hour (OANDA broker).
2. Key Levels:
• There is an “Entry Zone” marked near 1.83600, suggesting a potential buy entry.
• An upward arrow indicates an expectation of price moving upward from the entry zone toward 1.84600 or higher.
3. Fair Value Gaps (FVG): Several Fair Value Gaps are marked on the chart, which are typically used to identify areas where price may return to balance.
4. Volume: There is a visible volume profile at the bottom, indicating spikes at certain price levels, possibly signaling areas of interest.
The strategy likely involves waiting for price to retrace into the “Entry Zone” before initiating a buy trade, with a target around 1.84600. Let me know if you need further analysis or trade ideas based on this chart.
