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
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