Current situation on nzdusd

٢٠ أغسطس ٢٠٢٠

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..

٢٠ أغسطس ٢٠٢٠

ملاحظة

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.