NZDUSD 19/04/2020
In a daily time frame, a potential head & shoulders is going to be formed, thus I will manage the price action at the area and enter a short position.
From COT perspectives (Oder Flow perspectives), hedge fund has started to add both short and long position. Adding short positions in a downtrend market is to push the price to the downside whereas adding long position in a downtrend market is to create a retracement in order to enter short in a higher price.
In conclusion, we will be monitoring the price action in 4H time frame, because my strategy is "Monthly,Weekly, Daily for direction & 4H for entry."
Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.
From COT perspectives (Oder Flow perspectives), hedge fund has started to add both short and long position. Adding short positions in a downtrend market is to push the price to the downside whereas adding long position in a downtrend market is to create a retracement in order to enter short in a higher price.
In conclusion, we will be monitoring the price action in 4H time frame, because my strategy is "Monthly,Weekly, Daily for direction & 4H for entry."
Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.
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