NZDUSD is extremely over extended to the downside and testing a strong level of weekly demand, also on the weekly TF price has formed a massive M formation in which we expect the market to complete the harmonic pattern at the neckline, giving us a potential upside swing target. On the LTF we can identify how the market push to the upside and trapped bulls on FOMC Wednesday, then yesterday price dumped back down a swept the liquidity below the EQL lows. Now the market is almost ready to make the intended move, we are monitoring on the LTF for potential entry confirmations
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.