HendyHalim

HendyHalim

I expect another downward movement for NZDUSD with the risk above senkou b. The risk for this sell position is if the price managed to break above senkou b. The logic taking profit area is nearest chikou (I mark with blue rectangle). From MACD perspective currently is bearish for NZDUSD.

HendyHalim

As we can see from 4H chart, from ichimoku indicator perspective, chikou span below the cloud, candle below the cloud, kijun above tenkan. It is indicating bearish market. From MACD perspective it is below 0, which it is bearish market. I also mark the risk area (red area) and possible taking profit area (blue color). Happy trading. Manage your own risk and target.