NZDUSD is still uptrend in daily and weekly timeframe, therefore we assume that it is in corrective phase before continue its bullish momentum. In H4, price seems unable to form new lower low, indicates that bearish momentum has weaken. We could also see that price has break the downtrend trendline.
Risk : reward = 1 : 3.
Risk : reward = 1 : 3.
Trade closed: target reached:
Hit tp 60 pips.