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USD/ZAR Sell (1 Viewer)

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 USD/ZAR 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: 19.55 – 19.65
Optimal Entry: 19.60

Stop Loss: 19.95
Stop Loss Distance: 35 pips

Take Profit Levels:
TP1: 19.25 → 35 pips
TP2: 18.95 → 65 pips
TP3: 18.65 → 95 pips

Risk to Reward:
TP1: 1:1
TP2: 1:1.9
TP3: 1:2.7

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

Sell Confirmation (M1 / M15):

  • Bearish engulfing or strong rejection from resistance
  • Lower highs and lower lows forming on M15
  • Price failing to hold above key 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 19.70 cancels the setup
Trade Type:

  • Intraday on M15
  • Short swing if H1 remains bearish

 

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