Hello Traders,
This pair is on the verge of a dump... we have a strong supply zone (red box), and we just swept daily buy-side liquidity.
As you will also notice on my chart, on the lower timeframe such as 1 hour, you will see that price has created both buy-side and sell-side liquidity. As of now, the buy-side liquidity has been swept. This could mean that the dump may start... but be wary as more manipulations could still happen.
As you will see on my chart, there is massive sell-side liquidity to draw the price which is just above my TP.
I think we should keep tabs on this pair for a bearish move.
I will be posting the NZDJPY analysis also.
Follow for more updates.
Cheers,
David
This pair is on the verge of a dump... we have a strong supply zone (red box), and we just swept daily buy-side liquidity.
As you will also notice on my chart, on the lower timeframe such as 1 hour, you will see that price has created both buy-side and sell-side liquidity. As of now, the buy-side liquidity has been swept. This could mean that the dump may start... but be wary as more manipulations could still happen.
As you will see on my chart, there is massive sell-side liquidity to draw the price which is just above my TP.
I think we should keep tabs on this pair for a bearish move.
I will be posting the NZDJPY analysis also.
Follow for more updates.
Cheers,
David