Continuation of bearish trend in nzdusd
Potential continuation of bearish momentum on nzdusd presents a potential low stop with large limit
List of probabilities
Event Triggers
List of probabilities
- Bearish sentiment
- price below 50 EMA on daily, 4hour, 1hour
- Price on hourly has rejected descending trendline
- Price on hourly has rejected 50EMA respectfully
- Hourly hightest candle on 50EMA
Event Triggers
- Momentum must show resistance at 50ema on hourly chart
- Secondary resistance candle must form on 50ema
- Market cannot gap on Sunday's open