NZD/USD Short Setup – Sell Zone Rejection
Entry 1: 0.6220 (First entry based on rejection at the sell zone)
Entry 2: 0.6236 (Second entry, adding more to the short position at the higher resistance)
Stop Loss (SL): Above 0.62690 to protect against a breakout above the sell zone.
TP1: 0.61700 (targeting lower support level)
TP2: 0.61260
Analysis:
Sell Zone Rejection: Price has entered a key sell zone between 0.6220 and 0.6224, where sellers could push the price back down.
Bearish Structure: The chart shows a downtrend, with lower highs and a potential continuation to the downside after hitting the sell zone.
Risk Management: SL set above 0.6250 ensures protection if the sell zone is invalidated by a bullish breakout.
Entry 2: 0.6236 (Second entry, adding more to the short position at the higher resistance)
Stop Loss (SL): Above 0.62690 to protect against a breakout above the sell zone.
TP1: 0.61700 (targeting lower support level)
TP2: 0.61260
Analysis:
Sell Zone Rejection: Price has entered a key sell zone between 0.6220 and 0.6224, where sellers could push the price back down.
Bearish Structure: The chart shows a downtrend, with lower highs and a potential continuation to the downside after hitting the sell zone.
Risk Management: SL set above 0.6250 ensures protection if the sell zone is invalidated by a bullish breakout.
Transaction en cours
FIRST ENTRY ACTIVE NOWTransaction en cours
ALL ENTRIES ACTIVE, IN HUGE PROFITSNote
Close 50% from second entry, Close 80% from first entry, All SL at BE.
I am personally out 80%, and holding till TP1 HITS
Very less movement required to hit TP1
Hence closing
Trade fermée: cible de profit atteinte
LETS GO!!!Note
OUT OF ALL POSITIONS: TP1 HIT
Not holding till TP2
Lets look for next weeks setups now!
Trade fermée: cible de profit atteinte
TP2 HIT
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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.