Trade Idea for NZDUSD (1H Chart) – Bearish Bias
NZDUSD is in a strong downtrend, with recent price action showing a sharp bearish impulse followed by a corrective retracement. The retracement appears to be stalling near a key bearish order block around 0.56650 - 0.56800, signaling potential continuation to the downside.
🔎 Analysis:
Trend: Bearish
Order Block: 0.56650 - 0.56800 (Acting as Resistance)
Fair Value Gap (FVG): 0.56200 - 0.56000 (Potential Target)
Liquidity Pool: 0.55600 (Major Lows)
🎯 Trade Plan:
Entry: Look for bearish price action around 0.56650 - 0.56800.
Target 1: 0.56200 (FVG Mitigation)
Target 2: 0.55600 (Liquidity Sweep of Previous Lows)
Stop Loss: Above 0.57000 (Invalidation of Bearish Structure)
🛑 Invalidation:
If price breaks and closes above 0.57000, it may indicate a shift in structure, signaling possible bullish continuation.
🔎 Analysis:
Trend: Bearish
Order Block: 0.56650 - 0.56800 (Acting as Resistance)
Fair Value Gap (FVG): 0.56200 - 0.56000 (Potential Target)
Liquidity Pool: 0.55600 (Major Lows)
🎯 Trade Plan:
Entry: Look for bearish price action around 0.56650 - 0.56800.
Target 1: 0.56200 (FVG Mitigation)
Target 2: 0.55600 (Liquidity Sweep of Previous Lows)
Stop Loss: Above 0.57000 (Invalidation of Bearish Structure)
🛑 Invalidation:
If price breaks and closes above 0.57000, it may indicate a shift in structure, signaling possible bullish continuation.
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