4Hr TF overview
🟥 Sellside Trade Log
📉 Pair: NZD/USD
🏷️ Type: Intraday | Tokyo Session AM
🧠 Setup: Descending Channel Breakdown
🆔 Trade ID: #NZDUSD-0512A
📅 Date: Monday, 12th May 2025
🕐 Time: 1:00 AM
🔹 Entry Price: 0.59251
🔹 Profit Target: 0.58484 (-1.28%)
🔹 Stop Loss: 0.59443 (+0.34%)
🔹 Risk-Reward Ratio: 3.99
🔍 Reasoning:
Sellside trade executed following a breakdown from a descending channel formation during the Tokyo AM session. Price action respected the upper trendline multiple times before failing to hold mid-channel support. The breakdown confirmed bearish intent with increased momentum and order flow alignment. Target set below the channel’s lower boundary, aiming to capture liquidity resting beneath the structure.
Trade active
Stop level moved (0.60%)
Trade closed: target reached
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.