NZDJPY market is overall in bearish bias but the market formed triple bottom on daily time frame with small tail pin bar on weekly TF from a strong support . On daily TF market printed bullish Price Action signal showing a reversal from strong Daily/Weekly Support Level (72.50-72.25). I suggest Bullish reversal upto 73.60 and 74.30.
Disclaimer: Any post/comment is not a trading recommendation or investment advice but a thought shared by author who is not professionally certified or regulated to provide market research, analysis or investment advice. Author cannot be hold responsible for any loss occurs because of his comments. Manage your own risk.
Note
Trade running in 65 pips profit you may book ur profit OR Breakeven it for target 2
Trade closed manually
NZJPY cmp is 73.93 running in 97 pips profit. Closed
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.