🔹 Pair: NZDUSD (1H, Heikin Ashi)
🔹 Entry: 0.58789
🔹 Target: 0.59084 🎯
🔹 Stop Loss: 0.58634 🛑
🔑 Trade Rationale:
✅ Double Bottom Formation – Price respected key support twice, signaling potential reversal.
✅ Breakout Above Resistance – Clean breakout above horizontal resistance (blue line).
✅ 200 EMA Retest – Price is now pushing above the EMA, adding strength to the bullish case.
✅ Volume Spike – Recent surge in buying volume supports the upside move.
📊 Trade Plan:
I’m going long from 0.58789, looking for a quick move toward 0.59084. Risk is limited with a tight SL at 0.58634.
This setup offers a favorable R:R with a technical confluence of breakout + pattern confirmation.
⚠️ Disclaimer: This is not financial advice. Trade at your own risk. Always use proper risk management.
🔹 Entry: 0.58789
🔹 Target: 0.59084 🎯
🔹 Stop Loss: 0.58634 🛑
🔑 Trade Rationale:
✅ Double Bottom Formation – Price respected key support twice, signaling potential reversal.
✅ Breakout Above Resistance – Clean breakout above horizontal resistance (blue line).
✅ 200 EMA Retest – Price is now pushing above the EMA, adding strength to the bullish case.
✅ Volume Spike – Recent surge in buying volume supports the upside move.
📊 Trade Plan:
I’m going long from 0.58789, looking for a quick move toward 0.59084. Risk is limited with a tight SL at 0.58634.
This setup offers a favorable R:R with a technical confluence of breakout + pattern confirmation.
⚠️ Disclaimer: This is not financial advice. Trade at your own risk. Always use proper risk management.
Trade closed: target reached
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.
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.