BLUE PLUG

GER40 DiD 1:8RR📊🎯✅

While others guess, we trade with strategy and consistency.

📊 EUR/NZD Trade Setup – August Outlook

In this analysis on the EUR/NZD 2H timeframe, we’re watching a potential bearish scenario unfold. Price is currently pushing into a well-marked supply zone around 1.9647, which also aligns with previous major highs.

🔍 Trade Idea:

Bias: Bearish (sell setup)

Entry zone: Between 1.9590 – 1.9647 (confirmation needed inside supply zone)

Stop Loss: Above recent highs (around 1.9700) to protect against a breakout

Take Profit: Targeting the previous demand zone and low around 1.9248

📉 Market Structure Insight:

Price made a strong bullish retracement after a sharp drop.

We expect rejection within the supply zone to continue the broader downtrend.

Potential double top / liquidity grab before dropping.

⚠ Note: Wait for lower timeframe confirmation (e.g., bearish engulfing, BOS, or break of internal structure) inside the supply zone before executing the sell.

💡 This setup aims for a high risk-to-reward trade by capitalizing on a reversal from a premium area into the next demand zone.

📈 Follow for more updates and trade setups!
/NZD