After sweeping previous week high and tapping into HTF supply area, I'm expecting NZDUSD to retrace to rebalance price. Keep in mind that this is a riskier trade and price could also make higher highs as overall NZDUSD looks bullish. I would like to see price tap into 15M Imbalance for a short entry
Comment:
I entered a short on a LTF supply that has been created this London Session. So far the short idea is playing out nicely, I am not expecting a large move to the downside now though considering we have FOMC later today. We may consolidate. Caught a 3RR move still. Enjoy the analysis :)
Comment:
Whoever if consdering shorting this, I would wait to see if we can sweep Asias High and possibly we could also sweep previous day high.