Potential NZDUSD Setup
Updated
This setup is based on the 4H chart. The overall trend is bearish, and I expect the price action (PA) to follow through. As I labelled on the chart, an evening star formed suggesting a reversal sign. The ideal situation is that we need to see a reversal signal on the Daily chart, so it will give us a stronger bias.
If the price push up again, I'll sell this pair. Let's see if the market will give us another chance.
If the price push up again, I'll sell this pair. Let's see if the market will give us another chance.
Note
Enroute to TFTrade closed manually
Closed the trade with 1:2 R/R. Not going to look at chart much for tomorrow, so closed it now.
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