By far the cleanest Break & Retest structure I've seen on all pair this week.
But keep in mind that the monthly, daily, four hour is bearish trend but on the daily it's not aligning with the overall trend.
That means that this trade is not an A+ setup but it's an A setup
Excited to see how this trade went.
New Zealand is very weak right now looking at the bearish structure making on daily structure.
Wating for the structure to exhaust it back to the broken structure and retest.
EURNZD 4h has the best B&R structure of all NZD pair on the daily it has close above the resistance level same is happening on the weekly which everything is in sync together. I will probably take this trade if it's showing me a great entry level and a great place to set my stop at.
GBPNZD has the best B&R structure looking for next week, however on the weekly and daily timeframe it's not that lucrative because of the structure is breaking out of the structure and breaking in again. I personally wouldn't take the trade because of it breaking out and in on daily and weekly structure
