UPDATE ON NZD/USD ANALYSIS
NZD/USD 30M - As you can see price has recently traded us down and into the Demand Zone I gave out to you all on this weeks Sunday Sessions video. I am now wanting to see Demand being introduced.
As a result of this we can expect price to increase, continuing to trade price higher, this allowing us to look to buy into this market. Before we buy in though its important we wait for confirmation to enter, this will come from a BOS to the upside.
A BOS will tell us that enough Demand has been introduced to flip the current S&D balance. With more Demand being introduced we will begin to see price follow the laws of bullishness rather than bearishness, hence the break in the last structural high.
This is when we can then begin to look to buy into this market, price is already showing good signs with it consolidating within this area, this could be an accumulation.
As a result of this we can expect price to increase, continuing to trade price higher, this allowing us to look to buy into this market. Before we buy in though its important we wait for confirmation to enter, this will come from a BOS to the upside.
A BOS will tell us that enough Demand has been introduced to flip the current S&D balance. With more Demand being introduced we will begin to see price follow the laws of bullishness rather than bearishness, hence the break in the last structural high.
This is when we can then begin to look to buy into this market, price is already showing good signs with it consolidating within this area, this could be an accumulation.
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