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GBP/NZD Sell (1 Viewer)

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 GBP/NZD Sell (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1

Trade Direction: Sell

Entry Zone: 2.0450 – 2.0465
Optimal Entry: 2.0460

Stop Loss: 2.0530
Stop Loss Distance: 70 pips

Take Profit Levels:
TP1: 2.0380 → 65 pips
TP2: 2.0320 → 120 pips
TP3: 2.0260 → 180 pips

Risk to Reward:
TP1: 1:0.9
TP2: 1:1.7
TP3: 1:2.6

Market Session:
London session preferred
London–New York overlap for stronger bearish momentum

Sell Confirmation (M1 / M15):

  • Bearish engulfing or shooting star candle at entry zone
  • Lower highs and lower lows forming on M15
  • Price rejected from intraday resistance
Trade Management:

  • Partial profit at TP1
  • Move Stop Loss to breakeven after TP1
  • Trail Stop Loss above lower highs for extended move
Invalidation:

  • M15 close above 2.0485 cancels the setup
Trade Type:

  • Intraday on M15
  • Short swing if H1 trend remains bearish

 
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Reactions: mizo5 and CryptiXoXo

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