NZDUSD Short
Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 3%
Reward: 9%
Reasons for Entry: At the 61.8% bearish fib level, that lines up with a bearish TL. Below 200 EMA on 4H chart, and below all the moving averages on the daily chart.
Reasons for SL Placement: In a supply zone, and above the 78.6% fib level.
Reasons for TP placement: At the -0.27 fib level and a good RR.
Execution Timeframe: 4H
Risk: 3%
Reward: 9%
Reasons for Entry: At the 61.8% bearish fib level, that lines up with a bearish TL. Below 200 EMA on 4H chart, and below all the moving averages on the daily chart.
Reasons for SL Placement: In a supply zone, and above the 78.6% fib level.
Reasons for TP placement: At the -0.27 fib level and a good RR.
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