Hello fellow risk-takers!
An interesting idea is in the works on NZDUSD. The pair is, overall, still bearish despite the consolidation and the high-probability for bull-run.
My assessment concludes that the pair should heavily go down again but not before a deep bullish retracement could happen. In other words, to continue down, the pair needs a vital momentum and this particular momentum seems present at the shaded are of Supply & Demand Imbalance.
Although buying opportunity is present, the selling opportunity is less risky, more probable with high risk-reward ratio.
There is a high probability that price will play out as indicated on the chart.
Happy Trading
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*This information is for entertainment purposes only and shouldn't be construed as investment advice.
An interesting idea is in the works on NZDUSD. The pair is, overall, still bearish despite the consolidation and the high-probability for bull-run.
My assessment concludes that the pair should heavily go down again but not before a deep bullish retracement could happen. In other words, to continue down, the pair needs a vital momentum and this particular momentum seems present at the shaded are of Supply & Demand Imbalance.
Although buying opportunity is present, the selling opportunity is less risky, more probable with high risk-reward ratio.
There is a high probability that price will play out as indicated on the chart.
Happy Trading
______
*This information is for entertainment purposes only and shouldn't be construed as investment advice.