NZDUSD - Short Idea for w/c 23/05/2022

Atualizado
Fundamentals:

- Commercials - CoT Report shows increased net long positions at a 52 week high
- Rising open interest supports trend continuation (daily downtrend)

Technicals:

- Daily/H4 order block highlighted - lines up with high volume area, indicating potential reversal.
- Currency strength based on RSI also supports weakening NZD against the USD.
Ordem cancelada
Nota
I cancelled this order on May 23rd - at breakeven. The reason being - NZD has reached a 52 week high on net long positions, which supports a potential reversal of price. This is exactly what we are seeing. There's still a lot of selling pressure in this area but we need to wait for the next COT report to see whether this still has potential for the sell.
Moving AveragesSupply and DemandVolume

Também em:

Aviso legal