WEAKNESS IN NZD PAIRS.
DAILY TREND STRUCTURE & H1 BR TESTED, BREAKING THROUGH THE DAILY SWING EQ.
ANOTHER H1 BR FORMED WHICH WAS RESPECTED - CONFLUENCE WITH SWING EQ, MARKET STRUCTURE & PREVIOUS WEEK EQ. STRONG INDICATION THAT PRICE COULD TRADE LOWER.
FOR THE UPSIDE 4HR OB & TREND STRUCTURE RESPECTED (NOTED ON THE CHART). CREATING ANOTHER SWING POINT.
H1 BR + FIB LEVELS + PREVIOUS DAY EQ CONFLUENCE. TAKING OUT THE PREVIOUS HIGHS TO ACCUMULATE MORE SHORT POSITIONS.
PRICE TO TRADE BACK INTO THE 4HR OB AS SHORT TERM TARGETS, COULD SEE PRICE TRADING TOWARDS .929.
DAILY TREND STRUCTURE & H1 BR TESTED, BREAKING THROUGH THE DAILY SWING EQ.
ANOTHER H1 BR FORMED WHICH WAS RESPECTED - CONFLUENCE WITH SWING EQ, MARKET STRUCTURE & PREVIOUS WEEK EQ. STRONG INDICATION THAT PRICE COULD TRADE LOWER.
FOR THE UPSIDE 4HR OB & TREND STRUCTURE RESPECTED (NOTED ON THE CHART). CREATING ANOTHER SWING POINT.
H1 BR + FIB LEVELS + PREVIOUS DAY EQ CONFLUENCE. TAKING OUT THE PREVIOUS HIGHS TO ACCUMULATE MORE SHORT POSITIONS.
PRICE TO TRADE BACK INTO THE 4HR OB AS SHORT TERM TARGETS, COULD SEE PRICE TRADING TOWARDS .929.