GBPNZD Buy setup (SMC EDITION)

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We have a bullish trend⬆️ on the Pound/New Zealand dollar pair. We have a 4hr demand zone that broke structure and was recently mitigated. But when we drop down to 2H TF, we can see an UNMITIGATED 2H demand zone. Above the zone is a swing high that broke structure to the upside as per trend ☑️. Now this swing low has also a zone of liquidity, which can be good target for sellside liquidity. The unmitigated demand zone did sweep liquidity 🟠 before breaking structure 🔴. It is also inside our 4H demand zone.

Entry:
1. Risk entry with SL below order block
2. Confirmation entry after mitigation

RR=1:5

כתב ויתור

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