Really boring and choppy market today. Not expecting trending anytime soon. Also we have a trading week close today. So i'm planning something i will be looking at next week.
NZDUSD is trading near overbought region on 1D and many highly liquid areas are line over one another. I will be expecting a liquidity hunt near 0.65590, as a few retail traders must already be short here. So after garbing some liquidity MM will short this pair. I'm waiting to some bearish price action to take an entry.
Will be targeting Dec high near 0.67500 or October low near 0.62000. Will trade as market present the opportunity.
NZDUSD is trading near overbought region on 1D and many highly liquid areas are line over one another. I will be expecting a liquidity hunt near 0.65590, as a few retail traders must already be short here. So after garbing some liquidity MM will short this pair. I'm waiting to some bearish price action to take an entry.
Will be targeting Dec high near 0.67500 or October low near 0.62000. Will trade as market present the opportunity.
Note
Lets wait for NY Open. I think the bearish count is in play.
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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.