NZDUSD Short Trade Idea.
NZDUSD has been on a rally since the start of November 2023, and has found itself in trouble breaking above the 0.62 strong daily supply zone.
Price did a liquity sweep of the previous high,
has then broken and closed below the structural low at 0.6122, indicating there might be a change of the trend , and price might be ready to retrace downwards after a huge 1 month rally.
After breaking and closing below the structural low at 0.6122, price has retraced back to the internal supply zone, and reacted bearishly. A short might be possible now.
Price did a liquity sweep of the previous high,
has then broken and closed below the structural low at 0.6122, indicating there might be a change of the trend , and price might be ready to retrace downwards after a huge 1 month rally.
After breaking and closing below the structural low at 0.6122, price has retraced back to the internal supply zone, and reacted bearishly. A short might be possible now.
Note
Price reacted accordingly to plan, and made a dump downwards
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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.