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ZND/USD BUY SETUP 2H chart analysis

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Entry Point:
Around 0.59126 (highlighted by the black price action and small white ellipse)

Stop Loss (SL):
Around 0.58498, just below the channel and a previous support area.

Take Profit 1 (TP1):
Around 0.60414, which aligns with a previous resistance level and is near the top of the channel.

Final Target:
Likely around 0.6100, slightly above TP1 and just beyond the current visible range. This would be an extension beyond the last swing high and consistent with channel projection.



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Support Levels

0.58498: Strong support (your SL zone) - price previously bounced here.

0.58000: Minor support - mid-channel zone.

0.57000: Previous horizontal support area.

0.55000: Last major low.


Resistance Levels

0.59119 - 0.59126: Current entry level, may act as short-term resistance.

0.60000: Psychological resistance.

0.60414: Your TP1 level and a clear historical resistance.

0.61000: Final target zone, key resistance area.



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Summary

Bias: Bullish

Strategy: Buy on breakout/pullback to 0.59126, with TP at 0.60414 and final TP around 0.61000.

Risk Management: SL below the channel and last support zone at 0.58498.
Trade active
Boom boom
Boom boom
Boom boom

Market lit from 0.59126 — aiming straight for 0.60142!
Hold tight, stay locked in… FOCUS on the target.
This move is ours!

Disclaimer

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