Aov= Area of value
First structure- Impulse A
There is a clear impulse to the downside, and then its form a big expanding triangle,
if price break the low, i do see some downside movement to the AOV below.
Second structure- Impulse B(pattern within pattern)
If you follow the impulse B, you can see another expanding triangle within the structure,
According to...
As we can see from H1 chart, Nzdusd is in the correction pattern,
within the correction pattern, the price has reached to the top of correction structure.
Now, As you can see, This is a structure approach to the top of the structure,
Its likely to happen reversal price action next upcoming week.
In 15min chart work, I would like to see price break impulsively...
Current price of GBPUSD are very corrective, i have two bias on this pairing.
Buy setup- if price could not break the TL, i would like to see a reversal structure at the TL.
Sell setup- if price break impulsively at the TL, i would like to see a LTF correction and make a reduced risk entry.