NZDJPY:06/04/2024 NEW IDEA| Setupsfx|
Updated
Dear Traders,
The Japanese Yen experienced a significant decline last month, reaching a record low as the Bank of Japan refrained from intervening in the market. Consequently, the prices of JPY pairs have exhibited a strong bullish trend. We anticipate that this bullish momentum is likely to persist.
In light of this analysis, we have identified an optimal entry point that presents an opportunity to potentially gain 400-500 pips under normal market conditions. However, it is important to acknowledge that there is a possibility of a slight price drop, which could result in the price falling within the middle of the buying zone. Nevertheless, it is also worth noting that the price could continue to rise if the US Dollar Index (DXY) demonstrates any bullishness in the market.
As always, we emphasise the importance of risk management strategies when engaging in trading activities.
Wishing you a profitable week ahead and safe trading.
The Japanese Yen experienced a significant decline last month, reaching a record low as the Bank of Japan refrained from intervening in the market. Consequently, the prices of JPY pairs have exhibited a strong bullish trend. We anticipate that this bullish momentum is likely to persist.
In light of this analysis, we have identified an optimal entry point that presents an opportunity to potentially gain 400-500 pips under normal market conditions. However, it is important to acknowledge that there is a possibility of a slight price drop, which could result in the price falling within the middle of the buying zone. Nevertheless, it is also worth noting that the price could continue to rise if the US Dollar Index (DXY) demonstrates any bullishness in the market.
As always, we emphasise the importance of risk management strategies when engaging in trading activities.
Wishing you a profitable week ahead and safe trading.
Trade active
Note
128+ PIPS CLOSE 50%Trade closed: target reached
500+ take profit hit successfully.
100% Transparency,Trading is Serious Business💰
Join Our VIP Groups.SMC+ICT based Signals With Chart Analysis. 90% Accuracy Combined Three Groups. 1500-3000 Pips Monthly.
Forex: t.me/Setupsfx_bot
Gold: t.me/Setupsfx_Gold_Bot
Join Our VIP Groups.SMC+ICT based Signals With Chart Analysis. 90% Accuracy Combined Three Groups. 1500-3000 Pips Monthly.
Forex: t.me/Setupsfx_bot
Gold: t.me/Setupsfx_Gold_Bot
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.