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forexwithfred

NZD/USD - Bullish Push via Break of Structure

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
forexwithfred Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Supply and Demand Beyond Technical Analysis Volatility NZDUSD nzdusdshort nzdusdlong nzdusdtrade liquidity marketstructure Technical Analysis LOTS
3
0
supplyanddemand beyondta volatility nzdusd nzdusdshort nzdusdlong nzdusdtrade liquidity marketstructure technicalanalysis lots
What Is The Market Telling Us?
  • Sell side liquidty taken from stop hunt, giving off a false bias of downward movement
  • There is a continuous break of market structure (BMS) in current trend
  • Previous daily high has been violated with

What Are Market Participants Doing?
  • Within the last 24hrs of this post, there has been a +23% jump in NZD long positions from banks
  • The retail traders are losing as 68% of retail traders are shorting this pair, looking for a top within the uptrend
  • COT Data reports a +2000 lots added into NZD currency from 38,435 to 40,632
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