📉 NZD/USD - 15M Chart Analysis
📊 Current Price: 0.58245
📍 Market Outlook: Possible bearish reversal from resistance
✅ Key Levels to Watch:
🔹 Resistance Zone: 0.58260 - 0.58280 (Potential sell area)
🔹 Support Zone: 0.57800 - 0.57850 (Potential buy area)
📉 Bearish Scenario:
Price is rejecting the resistance zone, signaling a potential sell-off
Expecting a drop towards the 0.57800 support level
📈 Bullish Scenario:
If price breaks above 0.58280, we could see further bullish momentum
⚡ Trade Idea:
🔴 Sell near 0.58260 - 0.58280 with SL above resistance
🟢 Buy near 0.57800 - 0.57850 if price finds support
📢 Risk Management: Always use stop-loss and proper risk-reward!
#NZDUSD #Forex #PriceAction #SupportResistance #SmartMoney #Liquidity #FXFOREVER
📊 Current Price: 0.58245
📍 Market Outlook: Possible bearish reversal from resistance
✅ Key Levels to Watch:
🔹 Resistance Zone: 0.58260 - 0.58280 (Potential sell area)
🔹 Support Zone: 0.57800 - 0.57850 (Potential buy area)
📉 Bearish Scenario:
Price is rejecting the resistance zone, signaling a potential sell-off
Expecting a drop towards the 0.57800 support level
📈 Bullish Scenario:
If price breaks above 0.58280, we could see further bullish momentum
⚡ Trade Idea:
🔴 Sell near 0.58260 - 0.58280 with SL above resistance
🟢 Buy near 0.57800 - 0.57850 if price finds support
📢 Risk Management: Always use stop-loss and proper risk-reward!
#NZDUSD #Forex #PriceAction #SupportResistance #SmartMoney #Liquidity #FXFOREVER
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fxforever
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.