NZDUSD ANALYSIS
Pardon my voice... Just woke up
Soo in summary:
- NZDUSD has broken the uptrend in the 4hr TF indicating a change in market direction/CHoCH.
- The 1hr price came for a retest of the 4hr change of character (CHoCH/change in direction). validating the change
- The retracement is over and price is heading back down for a Lower Low/ BOS after respecting the 30mins major key level
- The 30mins TF gave us another chance to enter the sell by leaving out an UNFILLED market open gap, which price will eventually fill.(Price always fills these gaps before the new week)
- As we wait for the fill, price creates FVG's which gives us another confluence that price would come back up.
Thanks for watching...
Soo in summary:
- NZDUSD has broken the uptrend in the 4hr TF indicating a change in market direction/CHoCH.
- The 1hr price came for a retest of the 4hr change of character (CHoCH/change in direction). validating the change
- The retracement is over and price is heading back down for a Lower Low/ BOS after respecting the 30mins major key level
- The 30mins TF gave us another chance to enter the sell by leaving out an UNFILLED market open gap, which price will eventually fill.(Price always fills these gaps before the new week)
- As we wait for the fill, price creates FVG's which gives us another confluence that price would come back up.
Thanks for watching...
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