READY FOR THE DROP
DISCLAIMER The info below is just my view trade at your own risk
From my POV i can say we are currently losing momentum, and with the volume activity we may be getting ready for a distribution and markdown phase back to the weekly imbalance, also on the daily if you set your charts to Heiken ashi you can see that we formed a doji which is a good pattern to confirm reversals.
I will wait and see if today closes below with momentum and i will look for shorts before the Wednesday rate cut NZD event
From my POV i can say we are currently losing momentum, and with the volume activity we may be getting ready for a distribution and markdown phase back to the weekly imbalance, also on the daily if you set your charts to Heiken ashi you can see that we formed a doji which is a good pattern to confirm reversals.
I will wait and see if today closes below with momentum and i will look for shorts before the Wednesday rate cut NZD event
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.
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.