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JayForexAcademy
Dec 4, 2022 9:31 PM

NZDUSD 4H  

New Zealand Dollar/U.S. DollarFXCM

Description

DXY will most likely retrace upwards to cover a volume imbalance and that's why I think that NZDUSD will drop to also fill a volume imbalance but after first taking out the liquidity resting above the line XX. The setup offers up to 1:5 R:R if it plays out. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT.
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