NZDUSD H4 SHORT SETUP: 15 JULY 2025Based on the 4-hour chart of NZD/USD, here's a technical analysis of the current setup:
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🕒 Timeframe: 4H
💱 Pair: NZD/USD
📉 Current Price: Around 0.59430
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🔍 Chart Structure and Analysis:
🔻 Trend:
The market is in a clear downtrend, as indicated by the descending channel and the strong bearish candle that broke below the previous support zone.
Sellers are currently in control.
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📍 Key Zones:
🔴 Sell Zones (Supply):
0.59668 – 0.59795: Marked as a supply/sell zone.
Price previously reacted here and dropped sharply. Expect selling pressure if price retests this zone.
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🟢 Take Profit (TP) Targets / Demand Zones:
1. TP Target 1: Around 0.59430 – 0.59300 — Already hit; slight bounce seen.
2. TP Target 2: 0.58974 — This is the next key target/support zone, which aligns with a prior low.
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🔁 Possible Scenarios:
✅ Scenario 1: Continuation Bearish
If price fails to break back above the 0.59668 resistance, it will likely:
Consolidate below,
Retest and reject again,
Then head lower toward 0.58974 (TP2).
⚠ Scenario 2: Short-Term Retracement
If there's a bounce (as seen by the current candle's wick), price may retest the sell zone at 0.59668–0.59795.
This could present another short entry opportunity with a target at 0.58974.
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📊 Confluences:
Weekly Pivot + Structure Resistance near 0.59668: Strengthens the sell zone.
Strong Bearish Momentum Candle: Signals potential for continuation.
TP Zone overlaps with S2 level: Providing possible support/bounce area.
