Institutional Weekly and Daily Supply for NZD/USD
Hey all,
It's been a while that I've checked this area on Tradingview, my daily analysis is provided within our community.
But let's share my main watch for the upcoming 48hours, which is NZD/USD short when it reaches the supply area outlined on my charts. Price has been in a bullish trend for a
long time and a pullback is likely to come in from here. The Higher Time-Frames such as the quarterly & monthly are still in a bearish trend, the weekly is slowing down and is
creating a small HS pattern, but most importantly the Daily Time-Frame created supply when the previous phase of the markets was broken.
With our routine of only trading, 4hour closes for the initial play, we're waiting until supply is reached and for the 4Hour chart to develop our 12-hour pattern. Our RR is always fixed
at 1:3 so let's see if the edge plays out. Overall a quiet month so far with taking a hit on USD/SGD and GBP/AUD running around +2% so far, pretty normal to see that market flow after
the crazy September volatility and opportunities.
Kind regards,
Max :)
It's been a while that I've checked this area on Tradingview, my daily analysis is provided within our community.
But let's share my main watch for the upcoming 48hours, which is NZD/USD short when it reaches the supply area outlined on my charts. Price has been in a bullish trend for a
long time and a pullback is likely to come in from here. The Higher Time-Frames such as the quarterly & monthly are still in a bearish trend, the weekly is slowing down and is
creating a small HS pattern, but most importantly the Daily Time-Frame created supply when the previous phase of the markets was broken.
With our routine of only trading, 4hour closes for the initial play, we're waiting until supply is reached and for the 4Hour chart to develop our 12-hour pattern. Our RR is always fixed
at 1:3 so let's see if the edge plays out. Overall a quiet month so far with taking a hit on USD/SGD and GBP/AUD running around +2% so far, pretty normal to see that market flow after
the crazy September volatility and opportunities.
Kind regards,
Max :)