NZDJPY | 1H Time frame | Bearish Rights
Harmonic pattern indicated a potential resistance zone at "D"
Strategy is to take entry at point "C" through Buy Stop. Once the price reaches point "D", I will anticipate a bearish reversal and then play a trending entry after first LL and LH is reached
Entry Price - 83.874
Stop Loss - 82.823
Take Profit 1 - 83.874
Take Profit 2 - 85.790
Lot size - 0.13
Risk at 1%
Strategy is to take entry at point "C" through Buy Stop. Once the price reaches point "D", I will anticipate a bearish reversal and then play a trending entry after first LL and LH is reached
Entry Price - 83.874
Stop Loss - 82.823
Take Profit 1 - 83.874
Take Profit 2 - 85.790
Lot size - 0.13
Risk at 1%
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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.