On GbpNzd, I called earlier in the week that price was most likely going to come back to the support level to find enough buyers. As expected, price retraced back to the significant support level. Price has been creating bullish market structure for quite some time now, so I'll only be attentive to buys.
Looking at the hourly timeframe, I will need price to present clear bullish rejection. I've outlined a M15 swing high level that seems significant if broken. Assuming that price manages to have a bullish candle closure past this swing high, I'll be placing a long position. But for now, I'll just be waiting for price to have it's bullish push.
Looking at the hourly timeframe, I will need price to present clear bullish rejection. I've outlined a M15 swing high level that seems significant if broken. Assuming that price manages to have a bullish candle closure past this swing high, I'll be placing a long position. But for now, I'll just be waiting for price to have it's bullish push.