From the Technical views:
1. Potential IHNS pattern on the monthly timeframe, if the market will continue to push to the upside aggressively and create an equal high on the monthly timeframe.
2. But from the daily timeframe, the price just breaks above the significant structure at the moment, if the next daily candle will close above this level, "1" condition is expected.
3. Otherwise, this could be a fake breakout and creating a potential HNS and move to the downside instead of the monthly's view.
From the Institutional's views:
1. Interest shift to bullish bias from the bearish bias.
2.Net positions from -15k become 356 at the moment, more long positions were added and short positions closed, we can expect more strength on the NZD and drive NZDUSD move to the upside.
How to approach NZDUSD?
1. Waiting for the either "1" or "2" conditions I mentioned above arise to us.
2. After that, shift to the lower timeframe and seek a short opportunity if your strategy's conditions are fulfilled.
3. Just short at the current price is not a good idea, because overall still bullish on the lower timeframe, and the big player's interest already huge shift to the bullish bias
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on NZDUSD.
1. Potential IHNS pattern on the monthly timeframe, if the market will continue to push to the upside aggressively and create an equal high on the monthly timeframe.
2. But from the daily timeframe, the price just breaks above the significant structure at the moment, if the next daily candle will close above this level, "1" condition is expected.
3. Otherwise, this could be a fake breakout and creating a potential HNS and move to the downside instead of the monthly's view.
From the Institutional's views:
1. Interest shift to bullish bias from the bearish bias.
2.Net positions from -15k become 356 at the moment, more long positions were added and short positions closed, we can expect more strength on the NZD and drive NZDUSD move to the upside.
How to approach NZDUSD?
1. Waiting for the either "1" or "2" conditions I mentioned above arise to us.
2. After that, shift to the lower timeframe and seek a short opportunity if your strategy's conditions are fulfilled.
3. Just short at the current price is not a good idea, because overall still bullish on the lower timeframe, and the big player's interest already huge shift to the bullish bias
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on NZDUSD.