NZDUSD Long Analysis 22/01/2025
I forgot about this but still not too late, this is an idea and not a signal.
NZDUSD is currently bullish, I was waiting for price to retrace the 30m OB but I had forgotten about it; it still respected that area though. Imbalance area below the red dashed line so TP can be at that area.
Always find an entry on a lower timeframe to avoid being in drawdown or having a bigger loss (like what I did with the 30m orderblock), in this case, I am using a smaller lot size since I entered late.
NZDUSD is currently bullish, I was waiting for price to retrace the 30m OB but I had forgotten about it; it still respected that area though. Imbalance area below the red dashed line so TP can be at that area.
Always find an entry on a lower timeframe to avoid being in drawdown or having a bigger loss (like what I did with the 30m orderblock), in this case, I am using a smaller lot size since I entered late.
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