NZD/USD Short Setup – Sell Zone Rejection
Entry 1: 0.6220 (First entry based on rejection at the sell zone)
Entry 2: 0.6224 (Second entry, adding more to the short position at the higher resistance)
Stop Loss (SL): Above 0.6250 to protect against a breakout above the sell zone.
TP1: 0.6110 (targeting lower support level)
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.
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