NZDJPY, 4hr tf, rising wedge breakout
Hello my friends,
Another plan for today is NZDJPY pairs.
As you can see, there is a rising wedge pattern and price broke below the support in a clean way
After price broke below the rising wedge support, an inside bar candlestick pattern also occurs and the next candle validate further downside.
In my opinion we could see price drops towad 75.05-00 area which is the low of rising wedge pattern.
I already sold this pair from 75.65 and wanna share with you guys all my trade plan.
Sell NZDJPY 75.65-60
Stop loss 76.85
Take profit 75.05 (3R)
Use only 1-2% risk
Good luck
Another plan for today is NZDJPY pairs.
As you can see, there is a rising wedge pattern and price broke below the support in a clean way
After price broke below the rising wedge support, an inside bar candlestick pattern also occurs and the next candle validate further downside.
In my opinion we could see price drops towad 75.05-00 area which is the low of rising wedge pattern.
I already sold this pair from 75.65 and wanna share with you guys all my trade plan.
Sell NZDJPY 75.65-60
Stop loss 76.85
Take profit 75.05 (3R)
Use only 1-2% risk
Good luck