NZDUSD has been on a rally since the start of November 2023, and has found itself in trouble breaking above the 0.62 strong daily supply zone.
Price did a liquity sweep of the previous high,
has then broken and closed below the structural low at 0.6122, indicating there might be a change of the trend , and price might be ready to retrace downwards after a huge 1 month rally.
After breaking and closing below the structural low at 0.6122, price has retraced back to the internal supply zone, and reacted bearishly. A short might be possible now.
Price did a liquity sweep of the previous high,
has then broken and closed below the structural low at 0.6122, indicating there might be a change of the trend , and price might be ready to retrace downwards after a huge 1 month rally.
After breaking and closing below the structural low at 0.6122, price has retraced back to the internal supply zone, and reacted bearishly. A short might be possible now.
Comment:
Price reacted accordingly to plan, and made a dump downwards