NZD/USD Multi-Timeframe Analysis & Trade Setup

Timeframes Analyzed:
30-Minute (M30)
1-Hour (H1)
4-Hour (H4)
Daily (D1)
Market Structure Overview
✅ Bearish Trend: The overall structure remains bearish, with multiple Breaks of Structure (BOS) confirming a downward momentum.
✅ Liquidity Sweeps: Weak lows were taken out, showing potential liquidity grabs before a possible reversal.
✅ Premium & Discount Zones:

Premium Zone (~0.5750 - 0.5800): Ideal for short positions.
Discount Zone (~0.5550 - 0.5580): Currently testing this area, a key decision point.
Trade Scenarios
📉 Scenario 1: Short Trade (Higher Probability - 70%)
Entry: 0.5620 - 0.5650 (If price retraces higher)
Stop Loss (SL): Above 0.5670
Take Profit (TP): 0.5550 (Discount Zone)
Risk-Reward Ratio: 1:3+
Probability: 70%
📌 Confirmation: Look for bearish price action near 0.5620 - 0.5650 before entering a short.
📈 Scenario 2: Long Trade (Moderate Probability - 55%)
Entry: 0.5550 - 0.5580 (Current Discount Zone)
Stop Loss (SL): Below 0.5530
Take Profit (TP): 0.5650 (Previous Support Turned Resistance)
Risk-Reward Ratio: 1:2
Probability: 55%
📌 Risk: The long trade is counter-trend but might work if a bullish CHoCH (Change of Character) appears.
Conclusion & Recommendations
Best Trade: Short from 0.5620 - 0.5650, targeting 0.5550.
Watch for a break of the weak low at 0.5580—if it holds, a reversal could be in play.
Confirmation Needed: Price action at key levels before executing trades.