We saw a grab of liquidity followed by an aggressive move. There is a lot of liquidity sat above those EQHs and I have reasons to believe we are going to go higher. We may see a mitigation where you could potentially look for buys. This setup also fits market structure as 1H shows bullishness.
This analysis was mainly based on the Wyckoff Theory and price actions, i've notced over the few weeks that the market has taken out alot of buy orders in need to make the next trend. Question is what will happen next ?
NZDUSD is finishing the Accumulation Phase and slowly moving towards Distribution , we should first see Re-Accumulation and a Correction in the uptrend before starting Distribution.
Trading with the Smart Money - Wyckoff Method.