Current situation on nzdusd
Updated
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..
Note
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.
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