[Trade Setup – 1.5R Win] Buy EURNZD

Direction Bias

Monthly has recently rejected from a bullish Monthly rejection block, Weekly has formed a bullish breaker & Daily has also formed a bullish breaker. Hence we want to be a buyer.

Trade setup description : Buy EURNZD

Price on 4H has very recently rejected off a Daily bullish OB+ and has formed a bullish mitigation block – which I intend to trade

Trade Setup on 4H
Setup on 4H
Daily chart
Daily chart
Weekly chart
Weekly chart
Monthly chart
Monthly chart

Trade setup confluences

  • Price rejected from a bullish Daily OB+
  • Price formed a bullish Mitigation block on 4H
  • Trade is in discount area
  • Path to 3R profit target is a low resistance liquidity run

Update – 12 May 2021

Price had a pretty nice take off when it reacted my trading zone overnight. It shot up straight to give me partials at 1R and 2R. Then I was trailing the price with my SL when it got triggered at 2R. In all, after taking partials – this was a nice 1.5R trade!

1.5R trade overall.

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