NZDUSD 2H

28 nov 2022

NZDUSD shows bullish momentum having broken above previous 4H highs. A place of the fib retracement on the bullish impulse gives us a demand liquidity zone at the 50% fib level which might be a safe zone to enter a buy yo previous high or to a previous 4H order block above the previous highs. My setup offers 1:2 to 1:4 risk:reward if price rallies to the mentioned above 4H order block. NOTE: APPLY PROPER RISK MANAGEMENT