NZDAUD Approaching OB
The pair is approaching OB and is currently on the previous swing low level that could turn into resistance.
Plan:
- Wait for a confirmation candle and a bearish momentum
- After confirmation, enter short with TP above swing high, previous swing low, or 50EMA.
- Trail stop until bullish momentum reversal
Things to look out for:
- 2H is approaching OB
- Strong daily bearish momentum
- Bullish daily candle yesterday have been rejected and turned bear
Plan:
- Wait for a confirmation candle and a bearish momentum
- After confirmation, enter short with TP above swing high, previous swing low, or 50EMA.
- Trail stop until bullish momentum reversal
Things to look out for:
- 2H is approaching OB
- Strong daily bearish momentum
- Bullish daily candle yesterday have been rejected and turned bear
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