GBPNZD Imbalance
Hey guys,
I'm not seeing a whole lot of stuff out in the market at the moment that I really want to trade, I've been trading some fundamentals on the Aussie dollar for the past few days and on the outer timeframes, looking at all the charts I'm really not seeing anything grab me. One thing I have noticed is this massive imbalance here on the GBPNZD pair. If we do manage to get up into this supply area, however long that takes, we definitely can look to go short here. As you can see, the just pure mass of shorting and selling that happened at this time, I think there will be a lot of orders that bounces back off of this price.
If you guys have any ideas out there in the market at different pairs, you're looking out on the different time frames do let me know. I'm struggling to see a whole lot of opportunities. Market tends to be moving one way and not so much in a wavy format as usual, which doesn't coincide with my strategy. But that happens sometimes. Happy trading guys!
I'm not seeing a whole lot of stuff out in the market at the moment that I really want to trade, I've been trading some fundamentals on the Aussie dollar for the past few days and on the outer timeframes, looking at all the charts I'm really not seeing anything grab me. One thing I have noticed is this massive imbalance here on the GBPNZD pair. If we do manage to get up into this supply area, however long that takes, we definitely can look to go short here. As you can see, the just pure mass of shorting and selling that happened at this time, I think there will be a lot of orders that bounces back off of this price.
If you guys have any ideas out there in the market at different pairs, you're looking out on the different time frames do let me know. I'm struggling to see a whole lot of opportunities. Market tends to be moving one way and not so much in a wavy format as usual, which doesn't coincide with my strategy. But that happens sometimes. Happy trading guys!
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