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.
Trade active
FIRST ENTRY ACTIVE NOWTrade active
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 closed: target reached
LETS GO!!!Note
OUT OF ALL POSITIONS: TP1 HIT
Not holding till TP2
Lets look for next weeks setups now!
Trade closed: target reached
TP2 HIT
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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.