NZDJPY Long Trade *TREND CONTINUATION*
NZDJPY is breaking levels in recent weeks and forming a nice bullish trend on the intraday price charts. Since breaking through 74.00 price has gone on to make new higher highs and higher lows and is now retracing.
There are a few key indicators supporting a buy in this area including my own Volatility indicator which is starting to pick up high levels. This hints at a new market low occurring in this region.
I think this could be a good chance to buy the dip around 74.500 and trade the next bullish wave up to new higher highs. I have two targets in mind using technical analysis tools to forecast this.
TP1 = 76.00
TP2 = 76.650
Stop loss below the previous lows for conservative trading. I think so long as a new higher low is made around this level then it is good to buy for the next wave.
There are a few key indicators supporting a buy in this area including my own Volatility indicator which is starting to pick up high levels. This hints at a new market low occurring in this region.
I think this could be a good chance to buy the dip around 74.500 and trade the next bullish wave up to new higher highs. I have two targets in mind using technical analysis tools to forecast this.
TP1 = 76.00
TP2 = 76.650
Stop loss below the previous lows for conservative trading. I think so long as a new higher low is made around this level then it is good to buy for the next wave.
Trade aktif
Trade entry order triggered @ 74.500Catatan
Nice accurate entry. Stop loss moved to entry price now the trade is +50pips
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.