Order Triggered below bank level NZDUSD
Price is at the top of a larger daily market structure forming an ascending on the 1-4 timeframe. This is a key sign price can depreciate as we now have a tap of the trendline and a rejection just below the bank level. Both the DXY and New Zealand Futures are showing correlating direction to push NU down.
The stop loss is placed above both structures with a medium short term target.
The stop loss is placed above both structures with a medium short term target.
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