GBPNZD ____ INCOMING BEARISH MOVE
Hello Traders,
I hope yesterday wasn't the worst day of this month... LOL.. I noticed so many people got caught. Anyways, we know that's how the game is.
Moving on, GBPNZD has more potential to rally but right now, we are experiencing a little bit of strength in NZD which is also good for GBPNZD to take a breath from all the massive bullish run it has done.
On my chart, you will see that we have both sell-side and buy-side liquidity for the price to hunt, and since I am expecting a little bearish move to play out, I speculate that the price will rally to hunt the buy-side liquidity which is also situated in a daily order block. After which, the price will go hunting the sell-side liquidity.
I will be waiting for a CHOCH on the 1-hour timeframe to take a short trade to that liquidity pool.
Follow for more updates.
Cheers,
Jabari
I hope yesterday wasn't the worst day of this month... LOL.. I noticed so many people got caught. Anyways, we know that's how the game is.
Moving on, GBPNZD has more potential to rally but right now, we are experiencing a little bit of strength in NZD which is also good for GBPNZD to take a breath from all the massive bullish run it has done.
On my chart, you will see that we have both sell-side and buy-side liquidity for the price to hunt, and since I am expecting a little bearish move to play out, I speculate that the price will rally to hunt the buy-side liquidity which is also situated in a daily order block. After which, the price will go hunting the sell-side liquidity.
I will be waiting for a CHOCH on the 1-hour timeframe to take a short trade to that liquidity pool.
Follow for more updates.
Cheers,
Jabari
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.