Based on my pov Nzdchf is bias to the upside with 30 point of risk Currently price is rejected the 4h demand and 1h timeframe
There are 2 scenarios here 1. Blue line is a limit order(conservative entry) 2.the orang line is instant order( agressive entry) Market condition on 4h timeframe is hawkish
The orange line is my active limit order with 30 pips of risk Take profit is open for now, will update eventually
Currently i have active sell limit order 97.592 Lets see how the market play out
probability bullish on 30m timeframe demand a 30 pip reversal could happen if the demand is broken downside and hit our stoplosses
trend analysis based on indicator maybe catch aroun 30 pips or more as a bonus
good day and happy trading based on analysis 1.last week candle is spike high 1 on weekly support sign of reversal 2. daily has broken a upperside channel,still waiting for daily close for a reversal pattern 3. if daily is still making a momentum candle stay on SHORT 4. if its going LONG my target would be 0.70493
going short on USDJPY in the zone set limit order for agressive entry confirmation entry wait inside the zone