NZDUSD Short
Setup Timeframe: Daily
Execution Timeframe: 4H
Risk: 3%
Reward: 9%
Reasons for Entry: Broke down through a bullish TL, the retest lines up in the willis zone of a bearish fib, and lines up with a supply zone, and is close to the 20 EMA on the daily, which should act as resistance.
Reasons for SL placement: Above the broken bullish TL, and above the supply zone, near the 78.6% fib level.
Reasons for TP placement: Good RR.
Execution Timeframe: 4H
Risk: 3%
Reward: 9%
Reasons for Entry: Broke down through a bullish TL, the retest lines up in the willis zone of a bearish fib, and lines up with a supply zone, and is close to the 20 EMA on the daily, which should act as resistance.
Reasons for SL placement: Above the broken bullish TL, and above the supply zone, near the 78.6% fib level.
Reasons for TP placement: Good RR.
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