NZD/JPY Sell off resistance
Price action on this pairing is giving us so many good opportunities to make solid trades off of such a clean channel pattern.
With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now.
My stop loss is even with the previous uptrend's candle wicks. (75.925)
My profit target will be triggered if price can fall to 74.835
That is a risk/reward ratio of exactly 1/2.3, and would provide a profit valued at 74 pips.
With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now.
My stop loss is even with the previous uptrend's candle wicks. (75.925)
My profit target will be triggered if price can fall to 74.835
That is a risk/reward ratio of exactly 1/2.3, and would provide a profit valued at 74 pips.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.