NZD/USD 15-Min Chart – Bullish Setup from RBS + RBR Zone🟦 Key Support Zone
This blue area is a strong RBS (Resistance Becomes Support) + RBR (Resistance Becomes Resistance) zone. Price bounced here before, confirming its strength.
2. Entry Point
🔵 Buy Entry: 0.58912
This is where you expect the price to bounce again within the support zone.
3. Stop Loss
🔻 Stop Loss: 0.58776
Placed just below the support zone to manage risk if the setup fails.
4. Target Point
🎯 Take Profit: 0.59500
You’re aiming for this level, expecting a bullish continuation.
5. Price Projection Path
🟠 Orange arrows show the expected price movement:
Pullback to the support zone
Bounce upward toward the target
6. Trendline Support
📈 Upward diagonal blue line – supports bullish momentum
7. EMA (7-period)
⚫ Black EMA line showing short-term trend – currently above price, slight retrace
