NZD/USD |08 August 2016|
- 4H Entry but a daily setup
- NZD has been moving in a strong bullish trend since 25/07
- Price stalled at 0.724 level pulled back to previous structure support at 0.712
- As we know bullish markets make HH + HL's im predicting that this level is the HL thus giving it a high probability success rate
- Clear indecision forming on a area of structure support
- Highs of the indecision has been broken in which is our entry point
- Stop loss is below the indecision candlestick
- NZD has been moving in a strong bullish trend since 25/07
- Price stalled at 0.724 level pulled back to previous structure support at 0.712
- As we know bullish markets make HH + HL's im predicting that this level is the HL thus giving it a high probability success rate
- Clear indecision forming on a area of structure support
- Highs of the indecision has been broken in which is our entry point
- Stop loss is below the indecision candlestick
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