Good morning guys,
Nice little trade here to take NZDJPY back up to area of resistance, Squeeze dying off from sell, Momentum Meter show JPY signs of weakness from strength and vice versa for NZD! MACD about to cross line from a sell. RSI at 42.
Expecting price to come back above trend line. Price could very well touch trendline and continue downwards.
Risk allocation: 0.5%
R:R = 1:2
GL
Nice little trade here to take NZDJPY back up to area of resistance, Squeeze dying off from sell, Momentum Meter show JPY signs of weakness from strength and vice versa for NZD! MACD about to cross line from a sell. RSI at 42.
Expecting price to come back above trend line. Price could very well touch trendline and continue downwards.
Risk allocation: 0.5%
R:R = 1:2
GL
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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.