A couple surprising notes have appeared in the Bank of International Settlements’ (BIS) survey released today (28/10/2022). The triennial (occurring every three years) survey was conducted with the involvement of monetary authorities, like central banks, from 52 territories as well as 1,200+ commercial banks.
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usdnzd broke bullish structure from weekly TA. Looking at taking short position from retest of bearish order block
Find entry, sl, tp in TA
NB: Patience + risk management is key to winning trades.
USDNZD has found resistance on daily trendline and created a double bottom over it.
The market recently has been moving in a falling wedge formation and market found resistance on the possible break area around 1.51 area.
If the market will manage to break and close above the 4h structure we can set a nice long order according with our strategy.
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