Niverto

Strong weekly demand zone to target

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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3
Potential area to watch for a Long opportunity.
Price is actively seeking liquidity and pointed its move to the a strong weekly supply area (above in black).
On the lower timeframe (H1) I have an opportunity to enter on a better price at a demand zone and targeting the above weekly demand area with a nice 3:1 Risk/Reward.

Also note the confluence with the 78.6 Fib retracement confluence

Keep it simple and happy trading

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