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Nzdjpyshort

NZDJPY Weekly Swing trade Preparation We make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
Short
by MiWealth
nzdjpyNZDJPY - SHORT Why are we entering? - Price broke the ascending trendline = bearish - Expecting further NZD weakness & JPY strength = NZDJPY SHORT What are we waiting for to happen? - waiting for the next correction to enter NZDJPY shorts - possible retest of EMA What is our confirmation? - Retest of 4H EMA - break of WFB once created Entry SAFE Entry: Rejection of 4H EMA and WFB once created Risk Entry 1: Rejection of 4H EMA Once entered, where will our Stoploss be? - above the rejected price Where do we take profits? - First TP: 79 - Second TP: 77.4 - Third TP: 75
Short
by Elrouby