NZD/USD Trade Setup: Long Position at Key SupportNZD/USD is currently testing trendline support around 0.572, and I’ve entered a long position with a defined risk-reward setup.
🔹 Trade Setup:
✅ Entry: Near 0.572 (Trendline Support)
🎯 Profit Target (Blue Zone): 0.5804 - 0.5814
🛑 Stop-Loss (Yellow Zone): Below 0.567
🔹 Market Outlook:
📊 Bullish Bias – As long as the trendline holds, we could see a push toward the 0.577 - 0.581 resistance area.
⚠️ Risk Management – A break below 0.567 would invalidate the setup, triggering the stop-loss.
I’m watching for bullish confirmation here. Will buyers defend this level, or will we see a breakdown? Let me know your thoughts! 👇