NZDUSD has executed a Breakout Structure (BoS) on the 4-hour Point of Interest (POI). Presently, a ChoCh pattern has materialized on the lower timeframe, aligning with the established trend. Our expectation is a sell-off at the Order Block (OB) associated with the ChoCh, subsequent to filling the Former Value Gap (FVG) that has been formed.
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.