Buying into the NZDUSD dip
This is another rather high risk trade, buying right into a dip.
The potential gains are quite high with little downside. If price breaks lower, it is an instant close. The question is why does it look like price will go higher. First off, we see a major sell off. The overlapping bars are quite big, which shows that for the past hour, sellers are closing out with new sellers and possible existing buyers turning to sell.