NZD/USD | Break above the Daily IFVG needed for higher targets!
As you can see in the Daily chart of NZDUSD, after an initial rise to 0.57930 level, it dropped before reaching the Supply Zone at 0.5799 to 0.5843. Currently, NZDUSD is being traded at around 0.5785.
I expect NZDUSD to test the Supply Zone for the first time, after failing to do so the last time. The Supply Zone is a rather large zone, and the Daily IFVG High is inside this zone at 0.5816. If Kiwi breaks above the IFVG High and stabilize there, I expect further rise for NZDUSD, going towards the higher Supply Zone and the Buyside Liquidity above the 0.5864 level to sweep the liquidity there.
However if NZDUSD is rejected by the Supply Zone, it could drop all the way to the Daily IFVG Low at 0.5733 level.
I expect NZDUSD to test the Supply Zone for the first time, after failing to do so the last time. The Supply Zone is a rather large zone, and the Daily IFVG High is inside this zone at 0.5816. If Kiwi breaks above the IFVG High and stabilize there, I expect further rise for NZDUSD, going towards the higher Supply Zone and the Buyside Liquidity above the 0.5864 level to sweep the liquidity there.
However if NZDUSD is rejected by the Supply Zone, it could drop all the way to the Daily IFVG Low at 0.5733 level.
Dagangan aktif
By examining the Daily chart of NZDUSD we can see that it managed to break above the Daily IFVG High at 0.5816, which was our initial target. After the CPI news dropped, NZDUSD surged and almost broke above the Supply Zone, but was short of 1 pip! It went as high as 0.5842 and is currently being traded at around 0.5830.Now if Kiwi stabilizes above the Daily IFVG High, we can expect it to go towards the BSL waiting at 0.5864 and also retest the Supply Zone there. If it stabilizes above the 0.5864 level, we could expect to see it going towards the 0.5900 level.
However, If NZDUSD gets rejected by the Supply Zone and goes below the Daily IFVG High, if it loses 0.5775 support, further drop towards the 0.5733 level could happen.
Dagangan ditutup: sasaran tercapai
Well hello folks, hope you are well.As you can see in the daily chart of NZDUSD, it reached a high of 0.5863, only one 1 pip below our intended target. I'd close the position right here personally.
I expect NZDUSD to sweep the liquidity above the 0.5864 level and retest the Supply Zone once more, and then go towards the Relative Equal High above, where the Buyside Liquidity resides above the 0.5994 level, touching the 0.6000 level.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel? Contact me: t.me/Amirali_Trading
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.