Based on the facts that NZDUSD
has a bearish trend
, and the price is actually upon the 144EMA, we could have a sell oportunity expecting a rebound on this EMA
on the daily chart
that goes down breaking out the 21 EMA
on the 4 hours chart. So, we are going to find an entry point when the price breaks down the 21EMA in the 4 hours chart, and it gets close to this EMA
again after the break down.