6N (NZDUSD) Sell PendingCPI blasted NZD to clear weeks worth of liquidity. Clearly there was little demand at those higher prices and now we're setting up for a short.
Watch video for more context.
6n
NZD Buys & Sells Pending mitigation on both sides of this. The sweep to the upside takes out plenty of liquidity on the HTF, while the buys look like accumulation. Either setup valid, but I'd be mindful of AUD and the liquidity it's building up. Liquidity sweeps of AUD would further confirm these setups.
6N NZDUSD Long OpportunitiesIf the 4hr candle closes bullish we could be expecting a change in trend direction in the 6N/ NZDUSD pair as it will be confirming that the reversal of the previous impulse is over. It is important to watch carefully price action in the area in order to consider a trade.
(16.07.2020) NZDUSD (and 6N) has chance of dropping to 0.63900NZDUSD (and 6N) has every chance of dropping to 0.63900, as it underwent seven unsuccessful attempts (chart 1h) to break through the 0.65800 level.
NZDUSD 20 on the watchlistNZDUSD 20min on the watchlist.
Test and close of the bar will warrant closer attention.
Context bigger time frmae: Price is moving into prior sellers area.
NZDUSD (6N) ShortThere are three ways of EWA/EWP. In any case, you should take short position. Target 0.60000
