NZDUSD H4 MARKET UPDATE AND TRADE PLAN WITH SL/TP

NZD USD H1 REVIEW AND TRADE SETUP
TARGET 6150 SELL UPON BOUNCE

HEY GUYS, HOW ARE YOU TODAY?

HOPE YOU LIKE WHAT I'VE BEEN SHARING LAST FEW WEEKS. SOME HOME RUNS AND A RECAP OF IDEAS POSTED PREVIOUSLY - SEE LINKS BELOW AND CLICK PLAY BUTTON TO RECAP.
IF YOU WOULD LIKE TO GET MORE TRADE IDEAS AND SETUPS PLEASE UPVOTE AND GET SUBBED FOR THE LATEST UPDATES. THANK YOU.

HERE'S WHAT I GOT ON NZD USD

-STRONG BEARS DAILY - BEAR SANDWICH PATTERN
-SEQUENCE OF LOWER HIGHS
-BULLISH H4 TL BROKE DOWN
-FURTHER LOSSES INCOMING
-UPSIDE IS CAPPED
-SENTIMENT - 80% RETAIL NET LONG - MORE LOSSES VERY LIKELY
-6150 TARGET FOR BEARS - BUT WILL TAKE TIME
-FOR MAX PROFIT POTENTIAL YOU HAVE TO HOLD THIS TRADE
-STRATEGY: SELL UPON BOUNCE NEAR 6400 - SL/TP - SEE CHART

-RECAP OTHER IDEAS BELOW
-SL OVER CURRENT HIGH

MORE UPDATES?
SUB AND ADD AN UPVOTE

WHAT YOU GET
-DAILY UPDATES
-CLEAN CHARTS
-NO BS, NO MACD , RSI , MOVING AVERAGES
-PURE PRICE ACTION
-NO MOONBOY BS AND FAKE AGENDAS
-SETUPS THAT ACTUALLY WORK
-NO CLICKBAIT
-NO LOONY TARGETS

ONCE AGAIN. THANK YOU FOR YOUR ATTENTION. STAY TUNED AND LET'S MAKE SOME MONEY. ASGCORP.

Comment:

RBNZ PENDING IN 4 HOURS 30 MINS, PRICE IS SETTING UP FOR A BREAK DOWN OF TRIANGLE ON H1 PRICE CHART, SINCE A RATE CUT IS VERY LIKELY. ODDS ARE HIGH FOR SOMEWHAT BEARISH INITIAL REACTION, THEREFORE A MOVE FROM 6330-6300 IS VERY LIKELY.
HOWEVER KEEP IN MIND THAT THE KEY IS COMING AT THE CONFERENCE, FORWARD GUIDANCE OF RATES. AND THIS IN TURN MAY PRODUCE A KNEE JERK REACTION 6300-6375.
DETAILS - SEE CHART.

Comment:

HAVING SAID THAT, THIS IS A HIGH RISK PLAY, IF YOU PLAN TO TRADE THE EVENT, I'VE HIGHLIGHTED ONE OF THE POSSIBLE OUTCOMES.
I'D RATHER FOCUS ON FADING ANY MOVES AFTER RBNZ, AS ANY UPSIDE IN NZDUSD WILL BE SHORT LIVED. 6150 WILL ACT AS A DRAGGING FORCE NEXT FEW WEEKS, REGARDLESS OF THE OUTCOME TODAY.

Trade closed manually:

SETUP INVALIDATED DUE TO RBNZ.