The GBPNZD pair has been in uptrend and has been having multiple break of structures to the upside as indicated with the dashed blue lines. however, price has now pulled back over 500 pips back into the demand zone that initiated the beginning of the recent move up north. Price has now began to form multiple break of structures to the upside on lower time frames as 15 minutes showing the intent of price beginning the move back up. our first target will now be the liquidity resting above 2.0095. Look for entry points on demand zones in lower time frames such as M15 and hold multiple positions. Begin taking partials once first target liquidity is met and allow the rest to run.
Remember to always apply proper risk management to your trades.
Remember to always apply proper risk management to your trades.