Trade Alert Don’t Miss This High-Probability Short Setup

11 Ağu 2024

GBP/NZD has a bullish weekly setup, a bearish daily, and a bearish 4-hour structure. It’s crucial to wait for a pullback to the weekly/daily area of interest (AOI) and see if it gets rejected again, potentially forming a lower high (LH) on the daily and H4 timeframes. Once the price reaches the AOI, it's important to monitor the internal structure on the H4 chart, as it may be forming a bullish internal structure, which could indicate a continuation to the upside. This is a key factor to consider, as the price might continue to rise. Additionally, it's essential to wait for a clear entry signal to take the short position. For potential take profit levels, the first target should be the lower low (LL) on the daily chart. If the price does not reject this zone, we could extend the take profit to the weekly structure point.

8 Eyl 2024

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