📊 #NZDUSD – Technical Analysis & Trade Setup
🕒 Timeframe: 15-minute
📌 Exclusive analysis by @Emademy
🔹 Buy Limit: 0.60931
🔹 Take Profit (TP): 0.61179
🔹 Stop Loss (SL): 0.60713
🔹 Risk Exposure: 1% of account balance
🔹 Order Type: Pending
🔍 Market Outlook:
NZDUSD is currently trading within a well-defined ascending channel. The recent move aligns with a completed AB=CD harmonic pattern, suggesting a potential short-term pullback before the uptrend resumes.
🔸 The retracement zone lies between the 0.5 and 0.618 Fibonacci levels, which also coincide with the lower boundary of the channel — an optimal area for a buy limit entry.
🎯 If price reacts positively to this support zone, the bullish structure is likely to continue toward the target zone near 0.61179.
⚠️ Note: If the pullback occurs with high momentum and breaks below the channel sharply, this setup becomes invalid and the pending order should be canceled.
📷 Technical chart attached.
🕒 Timeframe: 15-minute
📌 Exclusive analysis by @Emademy
🔹 Buy Limit: 0.60931
🔹 Take Profit (TP): 0.61179
🔹 Stop Loss (SL): 0.60713
🔹 Risk Exposure: 1% of account balance
🔹 Order Type: Pending
🔍 Market Outlook:
NZDUSD is currently trading within a well-defined ascending channel. The recent move aligns with a completed AB=CD harmonic pattern, suggesting a potential short-term pullback before the uptrend resumes.
🔸 The retracement zone lies between the 0.5 and 0.618 Fibonacci levels, which also coincide with the lower boundary of the channel — an optimal area for a buy limit entry.
🎯 If price reacts positively to this support zone, the bullish structure is likely to continue toward the target zone near 0.61179.
⚠️ Note: If the pullback occurs with high momentum and breaks below the channel sharply, this setup becomes invalid and the pending order should be canceled.
📷 Technical chart attached.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.