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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.