Hello everyone, presenting a potential short setup on the NZD/JPY 1-hour timeframe.
The core of this idea is the recent, decisive break of a key ascending trendline. This suggests that the bullish momentum has faded, and sellers are beginning to step in.
The Plan:
I am not entering the market immediately. Instead, I am waiting for the price to pull back to the designated entry zone, which represents a potential resistance area (retest) after the trendline break.
This is a setup to add to your watchlist. I will post an update using the "Trading: active" status if and when the trade is triggered.
Trade Parameters:
🛡️ Pro tips for this trade:
⚠️ Risk only 0.5~1% of your capital per trade.
📉 Secure 50% of profits at TP1 and move your stop loss to the entry point (risk-free)!
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
The core of this idea is the recent, decisive break of a key ascending trendline. This suggests that the bullish momentum has faded, and sellers are beginning to step in.
The Plan:
I am not entering the market immediately. Instead, I am waiting for the price to pull back to the designated entry zone, which represents a potential resistance area (retest) after the trendline break.
This is a setup to add to your watchlist. I will post an update using the "Trading: active" status if and when the trade is triggered.
Trade Parameters:
- Entry Zone: Marked on the chart (~87.200 - 87.350 area, near the retest of the broken trendline)
- Stop Loss (SL): Marked on the chart (~87.650, above the recent swing high)
- Take Profit (TP) Targets: Multiple levels marked on the chart.
🛡️ Pro tips for this trade:
⚠️ Risk only 0.5~1% of your capital per trade.
📉 Secure 50% of profits at TP1 and move your stop loss to the entry point (risk-free)!
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
Trade active
Trade closed: target reached
Morning🔥 UPDATE: TRADE CLOSED! TARGET HIT! 🔥
Our NZD/JPY Short setup successfully reached its TP_3 target! 🎯
A fantastic +2 R profit is now in the bag, achieving an impressive 1:2 Risk/Reward.
This was a classic trendline break and retest that played out beautifully. Thanks for following along!
If you banked profits with us on this one, hit Boost🚀👍 and share your thoughts in the comments! 🗨️
FOLLOW for more high-probability setups! 💹✨
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.
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.