NZD/USD sell trade for Managed Forex Accounts of Keon Consultancy |
NZD/USD analysis :
NZD/USD, after making a bearish divergence on H4 time-frame, was tending to retrace down. Having observed the candle patterns, we have figured out an ABCD retracement. Here is what all we see on H1 & H4 time-frames and how we entered :
Risk: If an H4 closes above C, we will exit the trade.