NZDUSD long or short - Supply Demand - (Stop Hunting)

Hello Traders!

Analysis:
We can see the NZDUSD moving up from the Support Level. Price is in an UpTrend and could be only a corrective move. Therefore I marked two possible scenarios on the charts. As we could see both scenarios.

#1 Scenario: Price is moving up to the resistance line and will fake out. This is would be a typical Stop Hunting move from the banks in order to trap all the retail traders who are already short at the resistance line. We as a Supply Demand Trader know that possible Fake Out and we will short it after a nice Price Action Confirmation

#2 Scenario: Price will push higher. This is also a possible scenario. Price could go up, retest the Swap Zone and afterwards again higher till the next resistance.

What scenario will happen?
Normally I would say that the short option has the most probability. But we need to have an eye on the DXY. Due to the Corona Virus I am expecting DXY to drop a lot. Also we got a monthly Price Action Confirmation on the DXY for short. Therefore I see the long option for NZDUSD as most possible. This does not mean that we can not short NZDUSD before.
So keep an eye on the chart and be reactive. Mark your zones and watch what the market gives you.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.