EUR/NZD Trade Setup: Short from Key Resistance
EUR/NZD has reached a strong resistance zone around 1.840 - 1.849, where sellers may step in. I've entered a short position, expecting a potential rejection from this level.
🔹 Trade Setup:
🔻 Entry: Near 1.837 - 1.840 (Resistance Zone)
🎯 Profit Target (Blue Zone): 1.830 - 1.817
🛑 Stop-Loss (Yellow Zone): Above 1.840
🔹 Market Outlook:
📊 Bearish Bias – This level has acted as resistance before, and early signs of rejection suggest potential downside movement.
⚠️ Risk Management – If price breaks and holds above 1.840, the short setup will be invalidated.
Watching closely for further confirmations. Will this resistance hold, or are we breaking out? Let me know your thoughts below! 👇
🔹 Trade Setup:
🔻 Entry: Near 1.837 - 1.840 (Resistance Zone)
🎯 Profit Target (Blue Zone): 1.830 - 1.817
🛑 Stop-Loss (Yellow Zone): Above 1.840
🔹 Market Outlook:
📊 Bearish Bias – This level has acted as resistance before, and early signs of rejection suggest potential downside movement.
⚠️ Risk Management – If price breaks and holds above 1.840, the short setup will be invalidated.
Watching closely for further confirmations. Will this resistance hold, or are we breaking out? Let me know your thoughts below! 👇
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.