Yesterday's short plan for NZD/USD is working out perfectly. My expectations regarding a false price spike upwards have been completely confirmed. Strong liquidity from sellers above 0.5985 has completely extinguished the bullish impulse. There was no true auction to the north. The bullish candle on D1 served as an excellent refueling for the bears. Bears on the higher timeframe are fully in control of the situation. Looking at the daily Market Profile, the current quarterly slice Q1 clearly confirms the bearish scenario. Buyers couldn't enter above the VAH boundaries. Currently, the price is confidently breaking through the trigger support at 0.5820. Bears are breaking this level. Below the 0.5820 level, a clean liquidity vacuum opens up. There are almost no volumes on the chart capable of stopping the fall. The price is starting to sharply pass through this profile vacuum. I still hold the first target for profit taking at the level of 0.5696. I will be scaling out part of the position there. I plan to extend the main take profit much lower to the mark of 0.5510 within the empty range. The price should sharply be drawn there as trading unfolds. I placed a stop behind the volume core at 0.5865. Zero risks. I am calmly staying in the sales further. Bulls have nothing to catch.
