🔺The NZDUSD has filled the liquidity void area and created a strong bullish candle. Currently, the price is struggling to pass through the bearish side trend line; however, this is for the short term only, and we may see the price going through and creating another record high. This is a risky entry since the price has rejected at multiple levels at 0.59598, showing a strong seller's presence.
🔺Our second entry looks much safer and cleaner at 0.5766. This area needs to be filled and also appears to be an order block. Looking at the day, this aligns perfectly. What we need to be looking at for this entry is the volume and price behaviour if the first entry gets invalidated. Furthermore, taking the first entry is recommended since we are yet to confirm whether the day is going to be bullish or bearish for the longer term.
🔺Take profit can be set at 0.6300, which will be over 600 pips from our safe entry. Please keep an eye on DXY and price behaviour, and always use strict risk management.
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Team Setupsfx_❤️🏆
🔺Our second entry looks much safer and cleaner at 0.5766. This area needs to be filled and also appears to be an order block. Looking at the day, this aligns perfectly. What we need to be looking at for this entry is the volume and price behaviour if the first entry gets invalidated. Furthermore, taking the first entry is recommended since we are yet to confirm whether the day is going to be bullish or bearish for the longer term.
🔺Take profit can be set at 0.6300, which will be over 600 pips from our safe entry. Please keep an eye on DXY and price behaviour, and always use strict risk management.
+ Please like and comment.
++ Follow for more.
+++ Share your thoughts below in the comment section.
Good luck and trade safe.
Team Setupsfx_❤️🏆
Trade active
165+ pips, our second entry is active and moving well! Let's see how it goes from this point.
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Trading isn’t a game of chance but a discipline of the spirit. 📉🚫
With over a decade of experience you might discover the truth yourself.
Find Out Using Link Below!
Gold VIP:t.me/Setupsfx_Gold_Bot
Forex VIP: t.me/Setupsfx_bot
With over a decade of experience you might discover the truth yourself.
Find Out Using Link Below!
Gold VIP:t.me/Setupsfx_Gold_Bot
Forex VIP: t.me/Setupsfx_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.