NZDJPY - Long position
Updated
I'm looking for a breakout of the small downtrend that has formed creating a triangle. JPY is very weak at the moment and the trade balance news that just came out doesn't look that good.
I'm waiting for some bullish momentum and then may trigger a long position around 77.75.
Entry: 77.75
SL: 77.47
TP: 78.20
This basically 1:1.5 RR
I'm waiting for some bullish momentum and then may trigger a long position around 77.75.
Entry: 77.75
SL: 77.47
TP: 78.20
This basically 1:1.5 RR
Note
Buy entry was triggered, but now we're getting some resistance from the larger downtrend, so good time to move SL to BE
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.