NZD/JPY Bullish Cup and Handle: Targeting a 60-Pip Move
The NZD/JPY pair on the 1-hour chart has formed a bullish Cup and Handle pattern, signaling a potential upward move of approximately 60 pips with a target around 89.260. Traders may look for confirmation of the breakout above the handle resistance to enter a buy trade.
However, caution is advised, as a bearish harmonic pattern could emerge on the 4-hour chart, potentially leading to a reversal after the target is achieved. Monitoring price action and higher timeframes is recommended to manage risk effectively.
However, caution is advised, as a bearish harmonic pattern could emerge on the 4-hour chart, potentially leading to a reversal after the target is achieved. Monitoring price action and higher timeframes is recommended to manage risk effectively.
Trade fermée: cible de profit atteinte
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