NZDUSDHi,
One more interesting setup which i found today. Simple basic setup with detailing at a lower time frame for my references and confluences.
First this setup can clearly see at the weekly time frame, structure shows downtrend/ bearish. In the same time why i pick this setup, the support line/zone is parallel to hidden base drop base drop (Supply).
Additional confluences - fakeout and the final blow is price will hike up and pickup the weekly hidden base. i do remarks on the QM shown here no entry which i expected to break the structure to pickup the weekly based.
Chill, and its just wait at the exact price and place before place order.
Trade at your own risk.
Yato.
Note
Almost there to hit weekly baseTrade closed manually
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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.