NZDUSD / H1 / SHORT
NZDUSD may fall from the Bearish Order Block
Bearish Order Block: 0.60523 and 0.60416
NZDUSD is currently moving upwards and is approaching the Bearish Order Block. Once it touches this zone, we can expect a potential reversal to the downside. Let’s see how the price reacts upon reaching this level. I have applied the Smart Money Concepts (SMC) to analyze this chart.
Entry Price :- 0.60416
Take Profit :- 0.60187
Stop Loss :- 0.60645
Bearish Order Block: 0.60523 and 0.60416
NZDUSD is currently moving upwards and is approaching the Bearish Order Block. Once it touches this zone, we can expect a potential reversal to the downside. Let’s see how the price reacts upon reaching this level. I have applied the Smart Money Concepts (SMC) to analyze this chart.
Entry Price :- 0.60416
Take Profit :- 0.60187
Stop Loss :- 0.60645
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.