NZDUSD stops analysis

Shorts stops were consistently being taken, indicating the buyers were in control as price continued to move higher and there stops remained untouched. The first time longs stops were taken is indicated by the blue box and green arrow. Price then rallied higher taking out the remaining short stops before failing at weekly resistance, where sellers came in and took control to put in the current top. The purple cross represents where their stops would be and shows how their stops have not been touched, but instead price moved lower and took out any remaining longs by triggering their stops on the way to the downside.