looking here at the nzdusd daily chart we are sitting in daily demand (level on top of level DBR/RBR). im personally bullish with price in its current location. banks/institutions have clearly found value in buying in that area before so why not again? Cheers
EURGBP: Retail trader data shows 14.7% of traders are net-long with the ratio of traders short to long at 5.79 to 1.
Price is now at a fresh weekly supply area where sellers clearly have taken control. This analysis is based on supply demand and the trap of retail traders. im bearish here. who know will keep this on the radar. cheers.
please refer back to photo for analysis. Looking at the daily chart we are sitting in daily RBD supply so with price in this area we know looking for shorts in this area based on supply and demand analysis.
looking here at the usdollar 4hr chart. price has created new demand area. looking at a stronger usd here at this usdollar level. All pairs with USD will be on my radar 2 see if i can use it as a correlation.