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NZDUSD4-hourBearish

NZDUSD 4-hour (SMC): sell inside the 0.5599–0.5620 bearish FVG

FXFibo editorial · · 1 min read
Summary

After a bearish 4-hour CHoCH at 0.5582 and a low at 0.5528, price is filling bearish gaps. The 0.5599–0.5620 area is a sell zone in line with the daily chart.

BiasBearishEntry zone0.5615Stop loss0.5650Target 10.5574Target 20.5528StatusActive
Invalidation: 4-hour close above 0.5646
NZDUSD 4-hour (SMC): sell inside the 0.5599–0.5620 bearish FVG

Main scenario

  • Structure: bearish CHoCH at 0.5582 and a low at 0.5528
  • Sell zone: bearish FVGs at 0.5599–0.5603 and 0.5613–0.5620
  • Targets: 0.5574 and 0.5528

Alternative scenario

A move above 0.5646 (order block) points to a deeper correction toward 0.5658.

Key levels

  • Resistance: 0.5603, 0.5620, 0.5646
  • Support: 0.5574, 0.5546, 0.5528

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.