Explanation on New Zealand Dollar and United State Dollar, Top Down Analysis , From the Daily to the Lower Time Frame, Check it out.
took two 8rr each trade and these were both exeptional entries
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nzdusd daily update u cammn short it with 50 pips sl and reward is 340 pips enjoy
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A detailed technical analysis of NZDUSD (didn't use advanced technical tools). NZUSD is currently near a major resistance line, forming a double top near it, a double confirmation for its fall. But if it breaks the resistance, it may become a major support line. On the daily timeframe, NZDUSD gave a nice pullback, confirming its fall.
nzdusd has showing channel setup on daily timeframe, now here market taking support on lower daily timeframe, we can also see the buyes setup as the market has making range in h4, the range is almost broken and we can see for retracement and entry..