The NZDUSD pair has hunted major liquidity in the higher time frame, which is causing a reaction, or at least some signs of it, in the lower time frame. We're currently watching the 15minute chart, where we expect to see some bearish movements. The bearish change of character in the lower time frame can be considered the first confirmation for setting up a sell position for this pair.

Here are the levels I would set:

Entry level: 0.61548
Stop loss: 0.61716
Take profit: 0.61330

Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
FractalMultiple Time Frame AnalysisSupply and Demand

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