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New Zealand Dollar / U.S. Dollar

Possible 7RR Short, High Risk

By MortyM
Updated
After sweeping previous week high and tapping into HTF supply area, I'm expecting NZDUSD to retrace to rebalance price. Keep in mind that this is a riskier trade and price could also make higher highs as overall NZDUSD looks bullish. I would like to see price tap into 15M Imbalance for a short entry
Note
I entered a short on a LTF supply that has been created this London Session. So far the short idea is playing out nicely, I am not expecting a large move to the downside now though considering we have FOMC later today. We may consolidate. Caught a 3RR move still. Enjoy the analysis :)
Note
Whoever if consdering shorting this, I would wait to see if we can sweep Asias High and possibly we could also sweep previous day high.
Trend Analysis
MortyM

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