New long positions based on NZD/USD:

Following a long (and seemingly endless) move down, it appears there's been a change in the order flow/volume in this market. Relentless selling appears to have exhausted now. This can be indicated by majority selling lower and lower in each successive candle. This is interpreted by me as the retail crowd now is on board with all the selling. Then, those sellers are stopped out along with the bigger term traders who have now exited their shorts in profit. This produced an order flow inversion showing the majority of buyers near the highs of the day.

Now the late vendor is pushing prices down to the region where buying overcame selling. I anticipate more buying in this area, and also have entered a buy with a different pending buy in the same area where buyers really showed their curiosity days ago. I am buying the low of this day/week/month/year. (Time will tell if I've selected wisely)