NZDUSD Looks like an excellent sell (day trade)
With a healthy SL it gives us a 2.6 RR+.
The image explains everything. The only thing I didnt add is that the short-term indicator of momentum (the 5 & 20 EMA) are also bearish.
the reason they are bearish is because of those rejections see at the 20 (orange) EMA (candle stick rejections)
The image explains everything. The only thing I didnt add is that the short-term indicator of momentum (the 5 & 20 EMA) are also bearish.
the reason they are bearish is because of those rejections see at the 20 (orange) EMA (candle stick rejections)