NZDUSD TRADE PLAN🎯 Optimized Trade Plan
Entry Zone: Between 0.57351 and 0.57214 (watch for bullish confirmations such as rejection wicks or bullish engulfing candles).
Stop Loss (SL): Below 0.57136, ensuring protection against liquidity grabs.
Take Profit (TP): At 0.58116, which aligns with a strong supply zone and premium pricing.
Risk-Reward Ratio:
Targeting a 1:4+ risk-reward ratio, making this a high-probability trade.
If price rejects before touching 0.57351, a more aggressive entry can be taken at 0.57415, but this increases risk.
Confirmation Checklist Before Entering:
✅ Price reacts to 0.57351 zone with bullish rejection.
✅ Bullish candlestick patterns form (e.g., bullish engulfing, pin bar, or strong wick rejection).
✅ DXY (US Dollar Index) shows signs of weakness, supporting NZD strength.
✅ Volume increases as price enters the demand zone.
Alternative Scenario (If Price Breaks Below 0.57136)
If 0.57136 is broken and structure shifts bearish, the setup is invalidated.
This could indicate a deeper retracement toward 0.57000 or lower before finding buyers.
In this case, a wait-and-see approach is better before re-entering.
📌 Final Thoughts
Primary Bias: Bullish, expecting a dip to equilibrium (~0.57351) before a strong rally.
Alternative Bias: If price breaks 0.57136, re-evaluate for further downside.
Trade Management: If price reacts aggressively, scaling into the position could be a good strategy.
