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Projection for GBPNZD. Look for potential buys off confirmation of the immediate demand zone, to push prices towards supply. Potential sells at that level means that you're taking a countertrend trade.
AUDJPY H4 - LONG
Prices broke out of structure, leaving behind an unmitigated area of demand zone, waiting for a pullback with an AC/D on the lower timeframe, before taking a LONG position if we see a structural shift, with the lower timeframe being in line with our higher timeframe bias.
Interesting setup on both sides, whichever that pends out first.
Prices tapped onto a H4 demand zone, propelling a buy-side move into a H4 supply zone, which made a sell-side move as well. We will be looking to trade the immediate moves on the lower timeframe if the setup is still valid for us to monitor later on.
Understanding how prices break...