022

Type

Live

Date

March 9, 2021

Pair

#gbpnzd

TP1

2.1

TP2

Concepts

#FlipzoneNested_Flipzone

TRADE RESULT

2 Possible entries on this setup

6R to target.

BIAS & PAZ / SETUP

#flipzone #nested_flipzone

NOTES

Price traded above a big level of liquidity (PAZ) which can be seen on the 4H. Price broke lower and formed a clear #flipzone. Once could treat this as your RP09 and short once price returns. Personally I missed this entry but was able to treat the new flipzone as a new PAZ and price formed another flipzone in this PAZ and we refer to this as a #nested_flipzone. #Nested_Flipzones are rare but they are high probability setups.