📊 NZD/USD - 1H Chart Analysis
🔹 Current Price: 0.56923
🔹 Market Structure: Bearish trend with a potential bounce zone
📍 Key Demand Zone (Potential Buy Zone):
0.56776 - 0.56800 → Marked in green (potential reversal area)
📍 Resistance Zones (Target Areas for Buys):
0.57200 - 0.57400 → First resistance area
0.57550 - 0.57700 → Major supply zone
📈 Bullish Scenario:
✅ If price holds above 0.56776, expect a bounce towards 0.57200 - 0.57400.
✅ A strong breakout above 0.57400 could push towards 0.57700.
📉 Bearish Scenario:
🔻 If price breaks below 0.56776, further downside towards 0.56500 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmations at 0.56776 - 0.56800.
🎯 Sell Setup: Watch for rejections at 0.57200 - 0.57400.
🎯 Risk Management: Use a stop-loss below demand zones or above resistance.
#NZDUSD #ForexTrading #SmartMoney #TechnicalAnalysis 🚀
🔹 Current Price: 0.56923
🔹 Market Structure: Bearish trend with a potential bounce zone
📍 Key Demand Zone (Potential Buy Zone):
0.56776 - 0.56800 → Marked in green (potential reversal area)
📍 Resistance Zones (Target Areas for Buys):
0.57200 - 0.57400 → First resistance area
0.57550 - 0.57700 → Major supply zone
📈 Bullish Scenario:
✅ If price holds above 0.56776, expect a bounce towards 0.57200 - 0.57400.
✅ A strong breakout above 0.57400 could push towards 0.57700.
📉 Bearish Scenario:
🔻 If price breaks below 0.56776, further downside towards 0.56500 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmations at 0.56776 - 0.56800.
🎯 Sell Setup: Watch for rejections at 0.57200 - 0.57400.
🎯 Risk Management: Use a stop-loss below demand zones or above resistance.
#NZDUSD #ForexTrading #SmartMoney #TechnicalAnalysis 🚀
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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.
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.