Action Items

• Let both long positions play out and monitor against stop loss levels

Context & Setup

- Recording made week of August 4th, following a Sunday DXY analysis
- Weekly Forex Factory news review identified USD, CAD, and NZD as key currencies to watch this week
- Analysis is focused on the NZD/USD pair

ICC Pattern Analysis

- Trading framework used is the ICC pattern: Indication → Correction → Continuation
- A key pivot level was identified where sellers previously pushed price down; price has since broken back above it, confirming the indication phase
- A bearish indication had been noted earlier as a possible trade setup going the other direction, but price instead gave a topside indication
- A higher low was confirmed, signaling the correction phase is complete
- Price is now expected to move into continuation, with the next key level as the target, after which the ICC pattern would reset

Current Positions

- Two open long positions on Kiwi Dollar
- Stop loss is placed behind the higher low level, consistent with the strategy of buying after higher lows
- Position 1: approximately +21 pips
- Position 2: approximately +6–7 pips
- Plan is to hold and let trades play out; if stop loss is hit, that outcome is accepted