NZDUSD Short
Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 3%
Reward: 6%
Reasons for Entry: Has made a lower low breaking through a major support zone. Has a clear bearish bias. Rejecting off the 61.8% fib bearish zone which lines up with a bearish TL.
Reasons for SL placement: Above the 78.6% level, and above the bearish TL.
Reasons for TP placement: At the -0.27 fib extension level.
Execution Timeframe: 4H
Risk: 3%
Reward: 6%
Reasons for Entry: Has made a lower low breaking through a major support zone. Has a clear bearish bias. Rejecting off the 61.8% fib bearish zone which lines up with a bearish TL.
Reasons for SL placement: Above the 78.6% level, and above the bearish TL.
Reasons for TP placement: At the -0.27 fib extension level.
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