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TOP DOWN ANALYSIS ON NZDUSD: Currently at liquidity zone of the Daily timeframe and may likely bounce up to the 0.6 inducement zone before contining the bearish momentum, also been ranging on the 4HR timeframe since 11th August, also recently broke and bounced off 1HR trendline liquidity, eyeing the 0.594 liquidity zone on 15M tf. I'll be off this trade until there is a solid decision during the NY session.
Follow me for more private ideas on top down analysis and day-trading entries on smaller timeframes. Peace!
TOP DOWN ANALYSIS ON NZDUSD: Currently at liquidity zone of the Daily timeframe and may likely bounce up to the 0.6 inducement zone before contining the bearish momentum, also been ranging on the 4HR timeframe since 11th August, also recently broke and bounced off 1HR trendline liquidity, eyeing the 0.594 liquidity zone on 15M tf. I'll be off this trade until there is a solid decision during the NY session.
Follow me for more private ideas on top down analysis and day-trading entries on smaller timeframes. Peace!