NZDUSD Long: Wyckoff Accumulation
Updated
Daily
NZDUSD is in a downtrend , creating LLs and LHs.
Price recently reached a Daily IFC after breaking several structural points and showing a change in character, from strongly bearish to a more corrective structure with deeper pullbakcs.
4H
On the 4H we can clearly see a Wyckoff accumulation schema 1#, where the spring rejected our refined 4H IFC and its 15M decisional POI.
Then the price offered a break of structure creating a Higher high. Then price retested the spring and created a new Higher high.
Now price has created a complex pullback to come and fill the gap left by the last 4H run and it's showcasing equal lows above an area of high liquidity.
We have a high probability of seeing an FU candle to reject that area in the coming days.
1H
On the 1H, We can see the structure is bearish but we shouldn’t be blinded, because of the Higher time frame distribution pattern.
The purpose of 1H bearish is probably to clear liquidity below before heading higher.
Hedging:
As an hedge in case our hypothesis fails, we could wait for the BOs in the 15min chart in the direction of the overall Higher timeframe trend and enter short, aiming at least to our target area belowS
NZDUSD is in a downtrend , creating LLs and LHs.
Price recently reached a Daily IFC after breaking several structural points and showing a change in character, from strongly bearish to a more corrective structure with deeper pullbakcs.
4H
On the 4H we can clearly see a Wyckoff accumulation schema 1#, where the spring rejected our refined 4H IFC and its 15M decisional POI.
Then the price offered a break of structure creating a Higher high. Then price retested the spring and created a new Higher high.
Now price has created a complex pullback to come and fill the gap left by the last 4H run and it's showcasing equal lows above an area of high liquidity.
We have a high probability of seeing an FU candle to reject that area in the coming days.
1H
On the 1H, We can see the structure is bearish but we shouldn’t be blinded, because of the Higher time frame distribution pattern.
The purpose of 1H bearish is probably to clear liquidity below before heading higher.
Hedging:
As an hedge in case our hypothesis fails, we could wait for the BOs in the 15min chart in the direction of the overall Higher timeframe trend and enter short, aiming at least to our target area belowS
Note
Price has just created some liquidity in the lower timeframes and we are now heading back down to our target entry area. Be readyNote
The market moved strongly to the upside after CPI news, our liquidity zone remained untapped and it will be an area of interest if price comes back to it in the future.
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.