NZDUSD has hit the monthly trendline. The last 2 daily candles have been reversal candles including the spinning top and providing this one closes as a doji. Showing that the bulls are losing power and potential for bears to push this pair down.
On the monthly price is below the 50 EMA, and trending downwards.
Opportunity for a large risk reward on this trade.
This does not constitute investment just my thoughts and ideas.
On the monthly price is below the 50 EMA, and trending downwards.
Opportunity for a large risk reward on this trade.
This does not constitute investment just my thoughts and ideas.