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NZDCHF has broken structure and NZD looks like it will drop across all nzdxxx pairs.. and xxxnzd looking very bullish
The level indicated is a strong structural resistence and would be an ideal entry
Hello friends,
Potential opportunity here to buy this after the breakout of this channel. As you can see from the chart there are several indications that price will rally to the upside, for example
1. Divergence
2. Trend exchastion
3. Harmonic on a larger time frame (4h)
4. Oversold
5. Bullish Price action
I would recommend waiting for price to break out of...
This is a potential opportunity for buying the bottom of the channel
1. A lot of divergence
2. Trend exhaustion
3. Bullish Shark Harmonic on 4h
4. Channel trade
Trade with care
I would wait around the Med event at the New York session if i was to enter this
This set up has a risk reward of 2.87 which is a decent risk to reward ratio.
As emphasised on the chart, personally i would take this trade if it retraces to wave 2 which is a re-test of the broken structure and would give us an ideal entry with minimum risk.
Trade with care
TP is near the previous high
Overall the structure is down, so this is actually a...