A Very Possible Temporary Fall; NZDJPY
Good Day All,
First and Foremost I would like to clarify, I consider this trade RISKY, Please do significant analysis first before executing!
Looking around, NJ caught my eye, seeing its recent rejection at price level 88, I predict it'll fall temporarily.
The reason I consider this trade as risky is because the long standing trend on the 1D seems bullish but I hope to see it fall by 3 -5 price points before correction and readjustment towards higher levels.
As you may have noticed this is a weekend/swing trade being one of the main causes of my own worry, not to mention JPY red-level news coming in soon.
So, if you do decide to open this trade, please do use significantly low lots due to the higher risk this trade poses.
As I said in all my past predictions, while I do not mind others benefiting from my predictions, I would hate to see others lose cause of my own.
Recommended Order: Market Sell or sell after price shows continuation beyond 84.776
Take Profit 1 : 83.9
Take Profit 2 : 82.9
R/R Ratio TP 2: 1.41
R/R Ratio TP 1: 0.85
Stop Loss : 87.225
Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark.
P/S: Do Consider Adjusting The SL via ATR before letting it run.
Good Luck & Good Hunting.
First and Foremost I would like to clarify, I consider this trade RISKY, Please do significant analysis first before executing!
Looking around, NJ caught my eye, seeing its recent rejection at price level 88, I predict it'll fall temporarily.
The reason I consider this trade as risky is because the long standing trend on the 1D seems bullish but I hope to see it fall by 3 -5 price points before correction and readjustment towards higher levels.
As you may have noticed this is a weekend/swing trade being one of the main causes of my own worry, not to mention JPY red-level news coming in soon.
So, if you do decide to open this trade, please do use significantly low lots due to the higher risk this trade poses.
As I said in all my past predictions, while I do not mind others benefiting from my predictions, I would hate to see others lose cause of my own.
Recommended Order: Market Sell or sell after price shows continuation beyond 84.776
Take Profit 1 : 83.9
Take Profit 2 : 82.9
R/R Ratio TP 2: 1.41
R/R Ratio TP 1: 0.85
Stop Loss : 87.225
Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark.
P/S: Do Consider Adjusting The SL via ATR before letting it run.
Good Luck & Good Hunting.