NZDUSD on the up and up until 4h supply realignment.
Price Altitude: Middle
Daily Trend: Down
4H Trend: Up
Analysis: Price bounced off the 25% resistance line and is retracing upward into two 4h Supply zones to re-align with the higher timeframe down trend.
Prediction: Continue the retrace upward. Profit margin for longs is disappearing.
Price Points of Interest:
4h Supply @ 0.66646
4h Supply @ 0.66406
4h Demand @ 0.66079
4h Demand @ 0.65688
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
Daily Trend: Down
4H Trend: Up
Analysis: Price bounced off the 25% resistance line and is retracing upward into two 4h Supply zones to re-align with the higher timeframe down trend.
Prediction: Continue the retrace upward. Profit margin for longs is disappearing.
Price Points of Interest:
4h Supply @ 0.66646
4h Supply @ 0.66406
4h Demand @ 0.66079
4h Demand @ 0.65688
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.