This is an IDEA based on pure speculation. I don't have any idea on fundamentals on both pairs for now.
Observations
-->Monthly Demand at test
-->Weekly Post Long Soldier Candle prints red
In the calendar we have few NZD related red news. Stay tuned for those news might change the view but if my guesswork right + newsflow drives our way we might bag this 200 pips.
Break down from monthly chart
Break down to Weekly
Break down to Daily
Lets see how it plays out
Observations
-->Monthly Demand at test
-->Weekly Post Long Soldier Candle prints red
In the calendar we have few NZD related red news. Stay tuned for those news might change the view but if my guesswork right + newsflow drives our way we might bag this 200 pips.
Break down from monthly chart
Break down to Weekly
Break down to Daily
Lets see how it plays out
