NZDUSD 25th OCT 2023: Bullish setup

Oct 25, 2023

NZDUSD is on a bullish train, price has shown a very strong willingness to go higher. I have marked out a zone and waiting for price to retrace into the zone. So as to hit the target above the monday high. DYOR, I hope you also share your idea on the comment section. And let me know if you want more understanding on why I'm doing this.

Oct 25, 2023

Order cancelled

Market retraced into zone but didn't' give an entry reason. So it was a trade taken. I wanted to see a market willingness to go higher during the time it traded into that zone. However, market was bearish today.

Oct 25, 2023

Trade active

Setup has formed, entry signal noted. In for the trade on a 4:1 RR