I know I said I wouldn't make a post about the NZD crosses, but I felt I needed to chime in. Price channels often form in the market based on current market strength . These channels can give a good indication of a seemingly relentless rally or selloff a very probable point to temporarily stop if not reverse altogether.
With my current view of EURNZD over the next 24 hours, it's going to put price near 1.73-1.74000...Should price make it there, does anything pop out to you as a trade? as far as Market Structure is concerned?
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