NZD/USD Trade Setup: Long Position at Key Support
NZD/USD is currently testing trendline support around 0.572, and I’ve entered a long position with a defined risk-reward setup.
🔹 Trade Setup:
✅ Entry: Near 0.572 (Trendline Support)
🎯 Profit Target (Blue Zone): 0.5804 - 0.5814
🛑 Stop-Loss (Yellow Zone): Below 0.567
🔹 Market Outlook:
📊 Bullish Bias – As long as the trendline holds, we could see a push toward the 0.577 - 0.581 resistance area.
⚠️ Risk Management – A break below 0.567 would invalidate the setup, triggering the stop-loss.
I’m watching for bullish confirmation here. Will buyers defend this level, or will we see a breakdown? Let me know your thoughts! 👇
🔹 Trade Setup:
✅ Entry: Near 0.572 (Trendline Support)
🎯 Profit Target (Blue Zone): 0.5804 - 0.5814
🛑 Stop-Loss (Yellow Zone): Below 0.567
🔹 Market Outlook:
📊 Bullish Bias – As long as the trendline holds, we could see a push toward the 0.577 - 0.581 resistance area.
⚠️ Risk Management – A break below 0.567 would invalidate the setup, triggering the stop-loss.
I’m watching for bullish confirmation here. Will buyers defend this level, or will we see a breakdown? Let me know your thoughts! 👇
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.