Continuation of bearish trend in nzdusd
Potential continuation of bearish momentum on nzdusd presents a potential low stop with large limit
List of probabilities
Event Triggers
List of probabilities
- Bearish sentiment
- price below 50 EMA on daily, 4hour, 1hour
- Price on hourly has rejected descending trendline
- Price on hourly has rejected 50EMA respectfully
- Hourly hightest candle on 50EMA
Event Triggers
- Momentum must show resistance at 50ema on hourly chart
- Secondary resistance candle must form on 50ema
- Market cannot gap on Sunday's open
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.