Price happened to break above the 2HR Supply zone, but the NFP news happened to drop the price down and cause a Change of Character. Therefore I saw imbalance and liquidity, In which price may come back to fill in any imbalance before pushing to the downside.
Price is currently in a 2HR Supply zone. No trade for an aggressive entry due to NFP tomorrow. Looking for price to break a structure off the lower timeframes. Price is showing signs of possible divergence. Going to wait for a confirmation before proceeding on taking a trade.
After defying a three-week losing streak, the NZDUSD pair grinds higher as traders brace for Wednesday’s New Zealand quarterly employment numbers. The quote currently pokes the 100-SMA barrier surrounding 0.6190 while also eyeing a one-month-old downward-sloping resistance line, close to 0.6205 by the press time. Given the bullish MACD signals, the Kiwi pair is...
Price approach at area of value and made trend reversal pattern formation of double bottom once trendline break with change of Character we can take long trade entry opportunity based on other confluence
NZDUSD Sell trade opportunities
Overall sell trend and recent breakout support line, Here is a good opportunity to take a short trade with good risk rewards
NZDUSD extends the early March’s bearish consolidation inside a three-week-old ascending trend channel as RBNZ announces the 11th consecutive rate increase. More importantly, the New Zealand central bank pleases the Kiwi bulls to renew the 7-week top by a surprise 0.50% rate hike versus the 0.25% expected. It’s worth noting, however, that the RSI conditions...
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