Hello to everyone,
As you can see there is a nice divergence setting up on a minor S&D level. If we see any reversal in black zone no.1 there is a nice RR trade available. Which may or may not last long so we will take our profits before we see any suprises. If the price breaks below first box then it will be heading down to the second box where there is a major S&D level is and we will look for a buy setup there..Taking note of the current events there is a high possibility of NZD will face some downward moves which will effect this pair as well. Lets see how the market will open and where it will take us. Stay alerted.
Cheers,
As you can see there is a nice divergence setting up on a minor S&D level. If we see any reversal in black zone no.1 there is a nice RR trade available. Which may or may not last long so we will take our profits before we see any suprises. If the price breaks below first box then it will be heading down to the second box where there is a major S&D level is and we will look for a buy setup there..Taking note of the current events there is a high possibility of NZD will face some downward moves which will effect this pair as well. Lets see how the market will open and where it will take us. Stay alerted.
Cheers,