This chart shows the NZD/USD pair on the 4H timeframe.
Analysis
Trend: Price is moving within a rising channel.
Current Price: ~0.57182
Projected Move: Bearish continuation towards the lower channel boundary.
Trade Plan
Entry Point: Consider a short position on a retest of resistance near 0.5730 - 0.5750 with bearish confirmation.
Stop Loss (SL): Above the recent structure high, around 0.5785.
Take Profit (TP): Near the lower channel boundary around 0.5580 - 0.5600.
Risk Management
Ensure the risk-to-reward ratio is favorable (at least 1:2).
Look for confirmation signals such as bearish engulfing candles or rejections before entry.
Would you like a refined entry strategy or confirmation signal tips?
Analysis
Trend: Price is moving within a rising channel.
Current Price: ~0.57182
Projected Move: Bearish continuation towards the lower channel boundary.
Trade Plan
Entry Point: Consider a short position on a retest of resistance near 0.5730 - 0.5750 with bearish confirmation.
Stop Loss (SL): Above the recent structure high, around 0.5785.
Take Profit (TP): Near the lower channel boundary around 0.5580 - 0.5600.
Risk Management
Ensure the risk-to-reward ratio is favorable (at least 1:2).
Look for confirmation signals such as bearish engulfing candles or rejections before entry.
Would you like a refined entry strategy or confirmation signal tips?
Trade active
"🎯 First target profit hit successfully! Boom boom boom! 🚀🔥 Stay focused—my next target is coming soon. Hold strong! 💪📈"Let me know if you want any tweaks!
Trade closed: target reached
"🔥 All my targets 🎯 hit successfully! Profit secured! 💰💥 BOOM BOOM BOOM! Enjoy, guys! 🚀 Close all trades!"
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.
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.