NZDUSD Nearly Time To BUY @ 0.574 ????? (LIKELY PATH)

Today I am posting on the NZDUSD pair getting ready to go LONG on this pair as we can see it's been trending down pretty hard and we have entered a HUGE Monthly DEMAND/BUY Zone which is actually the 2020 crash area this is quite a large zone so soley entering inside this zone based on the Monthly charts is pointless..

We are best locating a Weekly DEMAND/BUY inside the monthly zone which I have done and marked on the chart above this is the actual area the HUGE up leg move started from and starts 0.57 so I expect the markket to drop down inside this area also targeting this area increase are R/R and allows the stop loss to be smaller rather than simply entering based on the Monthy chart.

I will look to start entering a LONG position on the NZDUSD on a DAILY signal from my Price Action reversal indicator under 0.574 and build into a position if moves lower the stop will be under the Monthly DEMAND/BUY zone.

Targets well the first easy target will be the previous low in the current trend just above 0.60 we will get a reaction here and a likely push back down towards 0.58 and then a rally again from there to target the newly formed Monthly SUPPLY/SELL that I have marked on the chart above.

Going short underneath 0.57 will be very risky as it's a strong DEMAND/BUY zone and I will only be looking to BUY this pair.

Happy trading and hope you enjoyed my post