OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Initially price tested the 4h liquidity level and made a retracement which led to a liquidity sweep that reduced price to the 4h breaker block. The market started to pushing to the upside in a corrective manner and created an internal distribution phase, then impulsively dropped to mitigate the order block and drove price to the upside once more. From this current data the market is showing a high potential of making a pullback to the 4h order block then provide momentum for an aggressive bullish move…

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.