DislikedNZDUSD Daily supply zone. {image} H4. Nothing convincing here. {image} H1 first engulf in Daily zone. Can you take this? Sure you can but even though this is a daily zone there is still the preceding uptrend and not far below there is bullish engulfing. So again it's all about risk. {image} The m15 shows much greater detail. The engulfings now looks more enticing. This is why the lower time frames can be addicting. Risk can be reduced by waiting for the retrace and another engulf south. The m5 is not shown but this is where I go to look for additional...Ignored
We're not that well placed on the weekly and the other pairs apart from GU haven't showed much in the way of turning bearish yet. That can still happen though.
Worth watching PA on AU as well as it seems to compliment NU quite well in terms of the major moves.