NZD/USD sell position. Here's a structured breakdown of my trade setup and some considerations:
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🟡 Current Trade Details
Position: Short (Sell)
Entry: 0.60400
Resistance (Stop loss area): 0.60600
Targets:
🎯 TP1: 0.59600
🎯 TP2: 0.58950
🎯 TP3: 0.58450
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📊 Trade Analysis
🔻 Bearish Bias Confirmation
Resistance at 0.60600 aligns as a stop loss area; any strong close above it may invalidate the short.
Gradual lower target zones suggest you're trading a trend continuation or bearish breakout setup.
🧮 Risk-to-Reward (R:R) Overview
Assuming a stop loss just above resistance (~0.60650):
Target Reward (pips) Risk (pips) R:R Ratio
0.59600 80 25 3.2:1
0.58950 145 25 5.8:1
0.58450 195 25 7.8:1
Great potential if trend continuation plays out.
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🧠 Key Considerations
Short-term support near 0.5980–0.5960 could see some consolidation or bounce.
Market catalysts: Watch out for any economic events from NZ or US (e.g., Fed decisions, jobs data).
Momentum check: Is the current price action aligned with the broader downtrend (e.g., 4H/Daily chart)?
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Would you like a technical chart analysis of NZD/USD or news insights to support your setup?
---
🟡 Current Trade Details
Position: Short (Sell)
Entry: 0.60400
Resistance (Stop loss area): 0.60600
Targets:
🎯 TP1: 0.59600
🎯 TP2: 0.58950
🎯 TP3: 0.58450
---
📊 Trade Analysis
🔻 Bearish Bias Confirmation
Resistance at 0.60600 aligns as a stop loss area; any strong close above it may invalidate the short.
Gradual lower target zones suggest you're trading a trend continuation or bearish breakout setup.
🧮 Risk-to-Reward (R:R) Overview
Assuming a stop loss just above resistance (~0.60650):
Target Reward (pips) Risk (pips) R:R Ratio
0.59600 80 25 3.2:1
0.58950 145 25 5.8:1
0.58450 195 25 7.8:1
Great potential if trend continuation plays out.
---
🧠 Key Considerations
Short-term support near 0.5980–0.5960 could see some consolidation or bounce.
Market catalysts: Watch out for any economic events from NZ or US (e.g., Fed decisions, jobs data).
Momentum check: Is the current price action aligned with the broader downtrend (e.g., 4H/Daily chart)?
---
Would you like a technical chart analysis of NZD/USD or news insights to support your setup?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.