NZDUSD Short to fill the Gap
Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
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2024 – 03 – 04 NZDUSD short
DXY positioning indicating continuation short, and therefore a weaker Dollar;
However NZDUSD on it's own looks likely to fill the gap to the previous VA.
Technically it did not come from a significant VA but shows exhausting PA on the top, followed by a BO of a running channel and is now starting a bigger H1 continuation structure before the last leg down to fill the gab to the VA.
I am now waiting for price to tap into the Liq.P and show some form of a LTF consolidation for an entry short.
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
2024 – 03 – 04 NZDUSD short
DXY positioning indicating continuation short, and therefore a weaker Dollar;
However NZDUSD on it's own looks likely to fill the gap to the previous VA.
Technically it did not come from a significant VA but shows exhausting PA on the top, followed by a BO of a running channel and is now starting a bigger H1 continuation structure before the last leg down to fill the gab to the VA.
I am now waiting for price to tap into the Liq.P and show some form of a LTF consolidation for an entry short.
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