NZDUSD Bearish ICT
Bias Bearish H4
Fundamental Analysis
NZD taking a bearish data trend. USD has been market resistance to bearish market. As CPI still holding strong.
Price Action:
ICT, H4 FVG is tested. Price tested and reject in H1 TF. Price break previous H1 swing low and confirmed a market structure shift towards downside. Price formed a FVG.
Confluence:
Higher TF (W/D/H4) - FVG
Lower TF (H1/M30/M15) - FVG
Set up:
Short trade at H1 FVG
SL at swing high of H1.
TP at H4 swing low R:R 2.5
Fundamental Analysis
NZD taking a bearish data trend. USD has been market resistance to bearish market. As CPI still holding strong.
Price Action:
ICT, H4 FVG is tested. Price tested and reject in H1 TF. Price break previous H1 swing low and confirmed a market structure shift towards downside. Price formed a FVG.
Confluence:
Higher TF (W/D/H4) - FVG
Lower TF (H1/M30/M15) - FVG
Set up:
Short trade at H1 FVG
SL at swing high of H1.
TP at H4 swing low R:R 2.5
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.