The fruits of my forecasts stretching over the short-term range, will accompany you down this thorny path of range trading, but we cannot avoid consolidation, because only painful chop can help resolve ranges.
The dynamic constraints of the flows are clearly defined jurisdictions on both sides (see diagram):
The tendency towards advancing further is making the retrace possible. At least for the near-term - full compensation for the flows will only be effective from the attack on 0.666/45 and what is more urgent than an attack on resistance?! An examination of buyers becoming overstretched at the highs thus gives a plus to Sellers.
On the other hand, importantly, we know - our macro map for NZD is approaching the mid-game. How should we evaluate that? Is the difficulty only due to the fact that patience is hard to protect? or do other macro factors threaten us?
Best of luck those adding to short-term offers inside a long-term macro flow...a mouthful. This is very advanced trading and would recommend using the flows to centralise and manoeuvre around towards the flank.
As usual thanks for keeping your support coming with likes and comments rolling, so far a superb forecast of event-risk flows so far and traded live here in both AUD and NZD.
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Trading ditutup: target tercapai
0.660x reached ..well done those who caught the move!
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