Current situation on nzdusd
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Currently, as we can see the nzdusd is in an acute downtrend. It is very close to the trend line and has also hit a demand zone that was tested many times in the past.
The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes.
### Appropriate risk reward is 1:3 here..
The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes.
### Appropriate risk reward is 1:3 here..
Nota
The trade is currently going south but is still in the demand zone.A trend reversal is indicated in the lower time frames like the 15 min.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.