GBPNZD Buy setup (SMC EDITION)
We have a bullish trend⬆️ on the Pound/New Zealand dollar pair. We have a 4hr demand zone that broke structure and was recently mitigated. But when we drop down to 2H TF, we can see an UNMITIGATED 2H demand zone. Above the zone is a swing high that broke structure to the upside as per trend ☑️. Now this swing low has also a zone of liquidity, which can be good target for sellside liquidity. The unmitigated demand zone did sweep liquidity 🟠 before breaking structure 🔴. It is also inside our 4H demand zone.
Entry:
1. Risk entry with SL below order block
2. Confirmation entry after mitigation
RR=1:5
Entry:
1. Risk entry with SL below order block
2. Confirmation entry after mitigation
RR=1:5
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.