NZD/USD (Daily > M15)New Zealand Dollar vs US DollarBLACKBULL:NZDUSDTitikSona1. Pair & Timeframe Pair: NZD/USD Timeframe: 15M (M15) Higher timeframe (H4 & H1) context for trend and key zones. 2. Market Structure The overall trend on higher timeframes appears bearish. Price recently broke below a previous demand area and is now retracing back up to test a supply zone. Structure suggests a lower high formation could happen for continuation to the downside. 3. Key Zones Supply Zone: 0.55174 – 0.55311 (marked in gray near the top). This is a potential sell zone for continuation of the downtrend. Demand Zone: 0.54771 and 0.54352 (lower gray zones). These are likely targets if the bearish move continues. 4. Validation & Entry Price is currently pulling back into the supply zone after a strong bearish move. Wait for bearish confirmation on M5/M15 before entering short (e.g., rejection wick, bearish engulfing). 5. Trade Plan Sell Setup: Entry: 0.55174 – 0.55311 after confirmation. SL: Above the supply zone (~0.55350). TP1: 0.54771 TP2: 0.54352 Risk to Reward: Aim for 1:2 or better. 6. Alternative Scenario If price breaks above 0.55350 and holds, it invalidates the bearish setup → potential bullish correction toward 0.55650. ✅ Bias: Bearish as long as price stays below 0.55350. ✅ Key Idea: Sell from supply zone after confirmation, target lower demand zones.