NZDUSD long after new daily fresh demand area tested
Downtrendline on D1 and W1 was broken, new daily demand area was created, 1st daily supply was broken and demand area was tested for 2 times, then price rallied higher, and after pause candle broke another supply. Now is price returning to the new and fresh area of demand. Main idea: BUY when new fresh daily demand area will be tested for 1st time, SL under low of the area and TP under low of next daily supply, which creates 5:1 RRR.
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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.