NZDUSD is vulnerable to (short-term) breakdown
Here is NZDUSD market. From first sight, it is clear that the market is moving sideways. It has a balance between buyers and sellers.
How to trade the sideways market? Short from Highs, Buy from Supports.
But P-Ratio indicator (1) gives more advantages. It tells that selling from highs has more chances for success.
The reason - Too many buyers have profits. The market is not interested to make more benefits for them. That is why an idea about rejecting from highs has more weight.
2 - An attempt of bulls to breakout. Increase in volume, but the range is narrow, closing is poor. So. time for shorting.
3 - If you switch to faster TF, you will find a tiny SLKT at the top of this bar. It could be your trigger for shorting.
What is a Reasonable Target? I like Stop Loss Cluster (4).
Follow My Thread
Here is NZDUSD market. From first sight, it is clear that the market is moving sideways. It has a balance between buyers and sellers.
How to trade the sideways market? Short from Highs, Buy from Supports.
But P-Ratio indicator (1) gives more advantages. It tells that selling from highs has more chances for success.
The reason - Too many buyers have profits. The market is not interested to make more benefits for them. That is why an idea about rejecting from highs has more weight.
2 - An attempt of bulls to breakout. Increase in volume, but the range is narrow, closing is poor. So. time for shorting.
3 - If you switch to faster TF, you will find a tiny SLKT at the top of this bar. It could be your trigger for shorting.
What is a Reasonable Target? I like Stop Loss Cluster (4).
Follow My Thread
Oleg Alexandrov, market analyst. Find me in Google
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