The pair is currently in a clear downtrend, printing a consistent series of Lower Highs (LH) and Lower Lows (LL).
📉 Using the Fibonacci retracement technique, we’ve identified a potential short opportunity with the following setup:
📊 Trade Parameters:
Pair: NZD/USD
Trend: Bearish
Entry (Sell Limit): 0.59440
Stop Loss (SL): 0.59787
Take Profit 1 (TP1): 0.59093 ✅ (1:1 R:R)
Take Profit 2 (TP2): 0.58746 ✅ (1:2 R:R)
Lot Size: 0.33
Risk: $200
Reward: Up to $300
🔁 Trade Strategy:
We’ll be opening two positions:
TP1 at 1:1 risk-reward
TP2 at 1:2 risk-reward
This split approach helps manage risk while allowing profits to run in case the trend continues.
📌 Note: Always confirm with price action or candlestick patterns near the entry zone before placing the order.
🕵️♂️ Monitor for momentum continuation and protect capital with proper risk management.
#NZDUSD #Forex #Fibonacci #BearishTrend #TradingStrategy #RiskReward #TechnicalAnalysis #FXSetup
📉 Using the Fibonacci retracement technique, we’ve identified a potential short opportunity with the following setup:
📊 Trade Parameters:
Pair: NZD/USD
Trend: Bearish
Entry (Sell Limit): 0.59440
Stop Loss (SL): 0.59787
Take Profit 1 (TP1): 0.59093 ✅ (1:1 R:R)
Take Profit 2 (TP2): 0.58746 ✅ (1:2 R:R)
Lot Size: 0.33
Risk: $200
Reward: Up to $300
🔁 Trade Strategy:
We’ll be opening two positions:
TP1 at 1:1 risk-reward
TP2 at 1:2 risk-reward
This split approach helps manage risk while allowing profits to run in case the trend continues.
📌 Note: Always confirm with price action or candlestick patterns near the entry zone before placing the order.
🕵️♂️ Monitor for momentum continuation and protect capital with proper risk management.
#NZDUSD #Forex #Fibonacci #BearishTrend #TradingStrategy #RiskReward #TechnicalAnalysis #FXSetup
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.