A fantastic RR trade happening now: Long GBP NZD
This is a reversal trade on an intraday mid-time frame perspective BUT the trade is actually WITH THE TREND on the very high timeframes. So, it's not really one of those risky reversal trades.
Potentially great RR if you put your Stop just below the Buy order block on the 4hr chart. I might post another chart of the 4HR.
It's got plenty of catchup this trade. So if it plays out like I think it may and we all know how protective they are of the Pound, it should do okay. This is a longer term trade.
There is no FOMO or rush to this trade. Technically, it could even be Shorted until it reaches the Buy Zone at the bottom of this 4HR chart.
Longertermtrade
OX: ZRXUSD. Buying Demand Is Back & Now Above It's 50EMA.
Cryptocurrency seemed to love FOMC a couple of days ago, unlike the Gold-price that sent a nasty sell-signal to Long-holders, not even 1 hour after an interest rate reduction was announced. But that's Gold-trading where your screen can go from red to green at the blink of an eye and vice-versa before you get a chance to rub your eye-brow.
OX is ZRXUSD and its about to make a bullish cross on the Daily timeframe and it's really turned around as of late. I give it a Buy-signal.
If you're looking for something a bit more long term, consider OX maybe, 370% under it's 2024 March high. Unlike the Gold price, where you generally get zero % under yearly highs.