POTENTIAL NZDUSD INTRA DAY LONG OPPORTUNITY
HEY EVERYONE! HOPE YOU GUYS ARE HAVING A BLESSED AND PROSPEROUS WEEKEND!
I just wanted to come on here and share an intra-day intra-week opportunity here in NZDUSD. This setup is technically going to be a counter flow/ counter trend setup then the higher TF but it is worth sharing because of what price action did towards the end of last week. So lets dive in!
OK. So looking at NZDUSD we can see on the 1D timeframe it is currently bearish maintaining lower highs and lower low structure sequences. But the lower TF now seems to be shifting to a temporary bullish trend. last week we saw price action come down to make new lows then immediately shoot up breaking structure LH(lower high) on the 1H timeframe. Because this is bearish still on the 1D timeframe I held off to post this until I saw a new break higher to form a new higher high to confirm the hourly new bullish shift while being a pullback on our higher TF. Nonetheless there is great opportunity here for a intra-week trade to the upside into daily supply and structure resistance for a 3rd push on this hourly. Just to share I am long term believing, based on price action that we will see a large, longer monthly timeframe push to the upside but for now it is bearish on the daily and until it breaks above that we have to respect those levels until it does so. So lets look for some relief on this pair to the upside into those structure and supply levels for a potential few hundred pips for the week!
Cheers guys!
P.S. I HAVE A FEELING PRICE MAY TRY AND TAKE OUT SOME LOWS BEFORE GOING TO UPSIDE SO BE PATIENT AND WATCH FOR THOSE HOURLY BULLISH PLAYERS TO RETURN.
I just wanted to come on here and share an intra-day intra-week opportunity here in NZDUSD. This setup is technically going to be a counter flow/ counter trend setup then the higher TF but it is worth sharing because of what price action did towards the end of last week. So lets dive in!
OK. So looking at NZDUSD we can see on the 1D timeframe it is currently bearish maintaining lower highs and lower low structure sequences. But the lower TF now seems to be shifting to a temporary bullish trend. last week we saw price action come down to make new lows then immediately shoot up breaking structure LH(lower high) on the 1H timeframe. Because this is bearish still on the 1D timeframe I held off to post this until I saw a new break higher to form a new higher high to confirm the hourly new bullish shift while being a pullback on our higher TF. Nonetheless there is great opportunity here for a intra-week trade to the upside into daily supply and structure resistance for a 3rd push on this hourly. Just to share I am long term believing, based on price action that we will see a large, longer monthly timeframe push to the upside but for now it is bearish on the daily and until it breaks above that we have to respect those levels until it does so. So lets look for some relief on this pair to the upside into those structure and supply levels for a potential few hundred pips for the week!
Cheers guys!
P.S. I HAVE A FEELING PRICE MAY TRY AND TAKE OUT SOME LOWS BEFORE GOING TO UPSIDE SO BE PATIENT AND WATCH FOR THOSE HOURLY BULLISH PLAYERS TO RETURN.
Comment:
NZDUSD approaching TP1 area!
Trade closed: target reached:
TP1 was reached!
Comment:
SEEMS NZDUSD didn't have strong reaction from supply so expecting potentially another push to upside on this. Although it is counter-flow for the daily price and momentum is showing us sentiment to the upside. .63200 next level if breaks to upside furthur