NZD/USD Analysis & Trade Setup

**Market Structure Update:**
- **Overall Trend:** Bearish continuation.
- **Break of Structure (BOS):** Multiple BOS confirming downward momentum.
- **Change of Character (CHOCH):** Seen at minor pullbacks but failed to reverse trend.
- **Liquidity Zones:**
- **Weak Low (~0.5678 - 0.5680)**: Price just touched this area.
- **Discount Zone (~0.5650 - 0.5670)**: Potential area for reversal.
- **Premium Zone (~0.5750 - 0.5780)**: Potential selling zone.



**Trade Setup & Probability Assessment**
**Scenario 1: Short Trade (High Probability - 75%)**
- **Entry:** **0.5700 - 0.5720** (Potential pullback to PDL level)
- **Stop Loss (SL):** **Above 0.5730**
- **Take Profit (TP):** **0.5650 (Discount Zone)**
- **Risk-Reward (RR):** **1:3+**
- **Probability:** **75%** (Bearish trend continuation, liquidity grab above PDL)


**Scenario 2: Long Trade (Medium Probability - 55%)**
- **Entry:** **0.5675 - 0.5680** (Current weak low area)
- **Stop Loss (SL):** **Below 0.5660**
- **Take Profit (TP):** **0.5720 (Equilibrium Zone)**
- **Risk-Reward (RR):** **1:2**
- **Probability:** **55%** (Possible short-term bounce but against overall trend)


**Conclusion & Recommendation**
- **Best Trade Setup:** Short trade from **0.5700 - 0.5720**, targeting **0.5650**.
- **Weak Low at 0.5680** may break, so a long trade is riskier.
- **Look for bearish confirmations near 0.5700 before entering a short.**