NZD/JPY - Entry for 24/02
Market closed on Friday with weak bearish candle
Bearish rectangle forming indicating continuation pattern
Will monitor on Monday to see if there's a bullush push towards resistance & if so take execute short position
Enter between 71.240 & 71.174 - RSI will be roughly 70% at this level
TP @ support 70.032 (monitor again at support to see if it breaks through & continue with bearish move downwards)
SL @ 71.487
Market closed on Friday with weak bearish candle
Bearish rectangle forming indicating continuation pattern
Will monitor on Monday to see if there's a bullush push towards resistance & if so take execute short position
Enter between 71.240 & 71.174 - RSI will be roughly 70% at this level
TP @ support 70.032 (monitor again at support to see if it breaks through & continue with bearish move downwards)
SL @ 71.487
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.