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! 👇
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.