Hello traders
As you can see the market maker sell model is forming on the NZDUSD 15 minutes chart and now we are on the second distribution phase. We looking for a mid-term high form in the premium, then the price goes down for the sell-side liquidity as a final target.
Simply put, the market structure shifted after touching the 4-hour bearish order block and...
#nzdusd, pair forming higher high in daily and weekly time frame, 13th May Inside bar early indication for bullish reversal, while 16th Insurance bar confirmed strength ahead. suspect medium term bullish. NZD bearish extreme for five year net positions so expecting strength in nzd for medium term. stop loss below 0.6850.
