NZD/USD has broken under the 50 EMA on the 4H timeframe and has failed to move back up.
We can expect NZD/USD to fall further below down as long as the 50 EMA on the 1H Chart stays unbroken.
Trade safe.
We can expect NZD/USD to fall further below down as long as the 50 EMA on the 1H Chart stays unbroken.
Trade safe.
Comment:
NZD/USD was not able to hold under the 50 EMA on the 15 min chart, therefore making a pullback so high. Nonetheless, we were able to double our investment (in my case) had you closed when it entered into a consolidation and wait for its next signal.
At the time being, NZD/USD broke above the 50 EMA on the 1H chart and if this level holds, we can see NZD/USD make higher highs.
At the time being, NZD/USD broke above the 50 EMA on the 1H chart and if this level holds, we can see NZD/USD make higher highs.
We can expect NZD/USD to fall more after this next consolidation and give us another 1:2 higher RR opportunity. Will keep this signal updated.