NZD Bearish Long term
Market is in a downtrend on larger time frames. We have marked out our supply zone from the 4 hour and refined it to the 1 hour time frame. Even though the 1 hour is currently Bullish, we consider it a better option to wait for the market to drive prices higher into our 4 hour supply zone before we look to start selling.
It wouldn't be a bad idea to begin buying immediatly in the direction of the 1 hour trend, but that comes with lots of risks.
Better and safer would be to wait for the price ot enter the Sell zone before lookign to sell
It wouldn't be a bad idea to begin buying immediatly in the direction of the 1 hour trend, but that comes with lots of risks.
Better and safer would be to wait for the price ot enter the Sell zone before lookign to sell
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.