NZDUSD Long Analysis 22/01/2025
I forgot about this but still not too late, this is an idea and not a signal.
NZDUSD is currently bullish, I was waiting for price to retrace the 30m OB but I had forgotten about it; it still respected that area though. Imbalance area below the red dashed line so TP can be at that area.
Always find an entry on a lower timeframe to avoid being in drawdown or having a bigger loss (like what I did with the 30m orderblock), in this case, I am using a smaller lot size since I entered late.
NZDUSD is currently bullish, I was waiting for price to retrace the 30m OB but I had forgotten about it; it still respected that area though. Imbalance area below the red dashed line so TP can be at that area.
Always find an entry on a lower timeframe to avoid being in drawdown or having a bigger loss (like what I did with the 30m orderblock), in this case, I am using a smaller lot size since I entered late.
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.