Dollar Néo-Zélandais / Dollar Américain
Short
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Analysis of NZD/USD Momentum and Potential Correction

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In recent market activity, NZD/USD has undergone a notable momentum surge. However, a correction appears warranted to facilitate a subsequent upward market surge. The observed formation of a lower high structure and the current positioning within a robust supply zone emphasize the likelihood of an impending corrective phase.

Trade Advisory:

Given the counter-trend nature of this trade, it is imperative to exercise caution and implement prudent risk management strategies. Overextending positions is discouraged, and a keen focus on risk mitigation is strongly advised.

Trade Plan:

Entry Point: 0.6155

Stop Loss (SL): 0.619

Take Profit (TP): 0.609

The identified lower high structure suggests a temporary deviation from the prevailing momentum, potentially signaling a retracement before resuming the upward trajectory. As the pair is currently situated in a formidable supply zone, anticipating a correction aligns with a strategic approach to market dynamics.

Market participants are reminded to manage their risk judiciously, considering the counter-trend nature of the trade. It's crucial not to overstay in the market, emphasizing the need for disciplined and well-calibrated trading decisions.
Note
Trade closed manually. no longer valid
Transaction en cours
Trade active again with market price
Trade fermée: ordre d’arrêt atteint

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