GBPNZD ____ INCOMING BEARISH MOVE
Hello Traders,
I hope yesterday wasn't the worst day of this month... LOL.. I noticed so many people got caught. Anyways, we know that's how the game is.
Moving on, GBPNZD has more potential to rally but right now, we are experiencing a little bit of strength in NZD which is also good for GBPNZD to take a breath from all the massive bullish run it has done.
On my chart, you will see that we have both sell-side and buy-side liquidity for the price to hunt, and since I am expecting a little bearish move to play out, I speculate that the price will rally to hunt the buy-side liquidity which is also situated in a daily order block. After which, the price will go hunting the sell-side liquidity.
I will be waiting for a CHOCH on the 1-hour timeframe to take a short trade to that liquidity pool.
Follow for more updates.
Cheers,
Jabari
I hope yesterday wasn't the worst day of this month... LOL.. I noticed so many people got caught. Anyways, we know that's how the game is.
Moving on, GBPNZD has more potential to rally but right now, we are experiencing a little bit of strength in NZD which is also good for GBPNZD to take a breath from all the massive bullish run it has done.
On my chart, you will see that we have both sell-side and buy-side liquidity for the price to hunt, and since I am expecting a little bearish move to play out, I speculate that the price will rally to hunt the buy-side liquidity which is also situated in a daily order block. After which, the price will go hunting the sell-side liquidity.
I will be waiting for a CHOCH on the 1-hour timeframe to take a short trade to that liquidity pool.
Follow for more updates.
Cheers,
Jabari
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.