AnilSunda

NZDUSD SHORT ON 4H CHART

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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1.Overall bearish trend on this pair.
2. Recent 4H price moving in a range as seen by flat 50sma and price has bounced off the upper bollinger band .
3. Inside bars x 2 have formed indicating tight consolidation.
4. Likely movement bearish from here.
5. Stochastic showing bearish divergence.
6. Risk Reward 1:2. 05