Current situation on nzdusd

Currently, as we can see the nzdusd is in an acute downtrend. It is very close to the trend line and has also hit a demand zone that was tested many times in the past.

The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes.

### Appropriate risk reward is 1:3 here..

Kommentera:

The trade is currently going south but is still in the demand zone.

A trend reversal is indicated in the lower time frames like the 15 min.