Trade Type: Sell (Short)
Entry 1 (Safe Market Order): 2.1770 (Break & Retest Confirmed)
Entry 2 (Optimal Limit Order): 2.1820-2.1850 (Sell at Supply Zone Rejection)
Stop Loss (Safe Above Structure): 2.1910
TP1: 2.1700 (Secure Partial Profits).
TP2: 2.1650 (Key Demand Zone).
TP3 (Full TP): 2.1600 (Sell-Side Liquidity Grab).
Risk-to-Reward (R:R): Minimum 1:3 R:R (High Probability).
Trade Confidence Level: 85% Bearish Bias (Strong Institutional Confluences).
Note
FOR MORE CONSERVATIVE TRADERS:Trade Plan – GBP/NZD SHORT
Sell Entry (Limit Order): 2.1850 - 2.1880 (Refined Sell Zone).
Safe Stop-Loss: 2.1925 (Above Liquidity Trap & Stop-Hunts).
Take Profit 1 (TP1): 2.1650 (First Target).
Take Profit 2 (TP2): 2.1600 (Larger Swing Target).
Take Profit 3 (Full TP): 2.1550 (Liquidity Pool Below).
Risk-to-Reward (R:R): 1:3 or Higher.
Bearish Confidence Level: 90% (High Confluence).
Trade active
IF the trade plan/idea doesn't trigger, i have posted trade idea 02 which can be executed if price breaks down below 2.1750Note
Trade is Active sell@2.1850, can place SL safe at 2.1925 if you wish to.Note
It has gone 1:1+ so far.Trade closed manually
Update: GBPNZD has gone 1:2 in Favour, can exit full or partial 80% Disclaimer
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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.