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Currently there is a great setup forming to buy NZD/USD, NZD/CAD, or sell GBP/NZD. The same thing happening on all three pairs.
Here is the daily chart. We can see that this level where the green arrow is pointing is a very popular for placing stops when going long. However price didn't gain enough of momentum and therefore it's pushed down to take out stops. This should provide with some extra momentum to go up.
NZD/CAD looks even more tempting, but I wouldn't risk just prior to Interest rate decision from bank of Canada.
Will have to wait with entry as I need some more confirmation, candle hasn't closed above that level yet.
Here is the daily chart. We can see that this level where the green arrow is pointing is a very popular for placing stops when going long. However price didn't gain enough of momentum and therefore it's pushed down to take out stops. This should provide with some extra momentum to go up.
Here is the H4 chart which I will use for entry
NZD/CAD looks even more tempting, but I wouldn't risk just prior to Interest rate decision from bank of Canada.
Will have to wait with entry as I need some more confirmation, candle hasn't closed above that level yet.