Strong weekly demand zone to target

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out