NZDJPY CREATING HHs & HLs ON 1HR...
NZDJPY CREATING HHs & HLs ON 1HR...
NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory principles.
TRADE PLAN.
Entry Point: CPM
Stop Loss: 90.711
Take Profit: 90.389
NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory principles.
TRADE PLAN.
Entry Point: CPM
Stop Loss: 90.711
Take Profit: 90.389
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.