NZDUSD H4 SHORT PRICE ACTION FORECAST

As the pair has reached the upper band from the uprising channel, it may be the moment for correction and look for a short entry setup.

Capturing the downward movement, supported by a soft divergence with MACD, the trade allows aiming for an R:R | 1:2 with an S/l around 75 pip from the E/L.

Order avbruten:

Price never triggered the sell order, and kept the upward momentum.

Trade cancelled.