NZD/USD 1H Chart Setup – Demand Zone Bounce & Bullish Target
1. Chart Overview
Pair: NZD/USD
Timeframe: 1H
Current Price: 0.56961
Indicator Used: 9 EMA (📈)
2. Key Zones & Levels
🔵 Demand Zone
Area: Approx. 0.55933 – 0.56600
Role: Strong support area where buyers have shown interest
Bounce already observed from this zone
🟥 Re-Entry Zone
Slight pullback expected into this minor resistance-turned-support
Potential entry for bulls (🐂)
🎯 Target Point
Price: 0.58434
Gain: +3.59%
Strong resistance above
🛑 Stop Loss
Price: 0.55933
Just below the demand zone for protection
Keeps risk tight (🔒)
3. Trade Idea (Buy Setup)
📍 Entry Plan:
Wait for a pullback into the red zone
Confirm support holds
Look for long position setup
📈 Target:
Aim for 0.58434
High reward potential
📉 Stop Loss:
Below 0.55933 to minimize loss if setup fails
✅ Risk-Reward Ratio:
Attractive (approx. 2:1 or better)
Summary
Demand zone is strong (🛡️)
Market structure supports bullish move (🚀)
Setup favors a pullback buy strategy
Pair: NZD/USD
Timeframe: 1H
Current Price: 0.56961
Indicator Used: 9 EMA (📈)
2. Key Zones & Levels
🔵 Demand Zone
Area: Approx. 0.55933 – 0.56600
Role: Strong support area where buyers have shown interest
Bounce already observed from this zone
🟥 Re-Entry Zone
Slight pullback expected into this minor resistance-turned-support
Potential entry for bulls (🐂)
🎯 Target Point
Price: 0.58434
Gain: +3.59%
Strong resistance above
🛑 Stop Loss
Price: 0.55933
Just below the demand zone for protection
Keeps risk tight (🔒)
3. Trade Idea (Buy Setup)
📍 Entry Plan:
Wait for a pullback into the red zone
Confirm support holds
Look for long position setup
📈 Target:
Aim for 0.58434
High reward potential
📉 Stop Loss:
Below 0.55933 to minimize loss if setup fails
✅ Risk-Reward Ratio:
Attractive (approx. 2:1 or better)
Summary
Demand zone is strong (🛡️)
Market structure supports bullish move (🚀)
Setup favors a pullback buy strategy
Trade closed manually
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join my tellegram channel
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join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
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Related publications
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.