NZD/USD Bearish Reversal Setup | AB=CD -Week 7

Hey Traders!

I'm currently watching a possible bearish reversal setup forming on the NZD/USD 1H chart based on:

✅ Confluence Factors:
🔹 AB=CD Harmonic Pattern

Price is approaching the D point near the PRZ (Potential Reversal Zone)

AB=CD ratio aligns closely with 1.618 and 0.618 fibs for BC leg

🔹 Bearish RSI Divergence

RSI is showing a higher high while price action is also making a higher high
Classic sign of momentum weakening at the top

📌 Trading Plan:
Wait for price to reach or slightly exceed point D / PRZ zone
Watch for clear lower highs and lower lows on price structure
Confirm entry with bearish divergence and candle confirmation
Enter via Sell Stop below support or structural break
Target: Previous support zones
Stop Loss: Above PRZ/point D


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