NZDUSD Might be a little early, but looks like a good RR
Looks like price is having a lot of trouble at this level, and we can see the MACD starting to gain momentum to the upside. I think it's too early to act on this one, but wouldn't be surprise if price eventually increase and shot right through the weekly pivot, moving upwards to R1. As it stands right now, this gives us a RR of 3.5 to 1.
Comment:
Ahh I knew it was too early to enter, let's see how it plays out later, definitely keep an eye on this one
Comment:
by the way, being stopped out here isn't that bad, because price might eventually drop down to S2 and reverse back up later in the week, which will give us a great R:R, usually around 4:1 to 5:1 and able to close out by the end of the week.
