You've all noticed that I use RTM patterns extensively in my daily trades. Here is another example of QM.
As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue further up to the 87.80 level which happens to be a supply zone.
But there is a important thing here, make sure you check out the news because in couple hours major news will hit the NZD and this whole analysis could go other way around.
Stay Tuned for further Education and analysis
As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue further up to the 87.80 level which happens to be a supply zone.
But there is a important thing here, make sure you check out the news because in couple hours major news will hit the NZD and this whole analysis could go other way around.
Stay Tuned for further Education and analysis