NZDUSD
broke the descending trend line and is testing major support 3 times with teaser pop and doji candles forming. These are great indicators of a trend change. Assuming the trend respects the support the bat pattern will form and we will take profit prepping for the short. We will wait for a candle confirmation before shorting.
However, we are risking ~3% on this pair, total. The Risk to Rewards Ratio is 1:2.
However, we are risking ~3% on this pair, total. The Risk to Rewards Ratio is 1:2.