One of my best setups is on NZDUSD for a buy. The market recently broke out of a well defined channel with a strong bullih enguling candle on the daily timeframe, signaling shift in momentum currently , the price is in a consolidatioon phase , likely accumulating orders and seeking to clear previous liquidity levels above . this behavior suggests the market is gearing up for a continuation of the bullish trend , providing an opportunity to position for further upside as it aligns with higher timefrane directional bias and potential key liquidity zones.
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.