NZD/USD - Bullish Push via Break of Structure Long
New Zealand Dollar/U.S. DollarFXCM
Description
⋅ 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
Trade active
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