FXLondonAnalysis

NZD/USD - Waiting for the break

FX:NZDUSD   NZドル/米ドル
- Got an analysis for NU where the price on the 4hr has been within a consolidation channel, waiting for a break either to the upside or the downside, then looking for a retest of the zone, followed by a clear rejection and further push in the respective direction
- With correct PA being indecision candles and engulfing candles paired with correct order flow, giving us a confirmation for a trade entry, stop loss below the tested zone and tp's targetting the highs or lows - highlighted by the white lines
- Zooming in then using SMC to help get an entry, dropping times frames to the 1hr and 15m
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