NZD/JPY Breaking Barriers and Soaring Higher
NZD/JPY shows a strong bullish breakout on the 1-hour chart. A descending trendline was invalidated, indicating a shift in market sentiment. This move highlights growing buying pressure and a potential continuation of the upward trend.
The breakout occurred near 88.140, which aligns with a resistance level turned into support. Buyers are stepping in aggressively, creating a high-probability long opportunity.
The stop loss is placed at 87.073, below the recent consolidation area, ensuring protection against invalidation. The take profit is set at 89.433, derived from the measured move projection of the breakout.
This trade presents a favorable risk-to-reward ratio, backed by momentum and a clean breakout structure. With market sentiment leaning bullish, this setup aligns with trend-following principles.
The breakout occurred near 88.140, which aligns with a resistance level turned into support. Buyers are stepping in aggressively, creating a high-probability long opportunity.
The stop loss is placed at 87.073, below the recent consolidation area, ensuring protection against invalidation. The take profit is set at 89.433, derived from the measured move projection of the breakout.
This trade presents a favorable risk-to-reward ratio, backed by momentum and a clean breakout structure. With market sentiment leaning bullish, this setup aligns with trend-following principles.
Trade fermée: cible de profit atteinte
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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.