Buy NZD/JPY after sweeping the lows and above major support which I do expect to hold today.
Buy : 87.05 sweep lows
Stop : 86.60 below major low
Profit : 87.50 could be higher but I prefer to close trades over the weekend.
Risk 1 : 1
Buy : 87.05 sweep lows
Stop : 86.60 below major low
Profit : 87.50 could be higher but I prefer to close trades over the weekend.
Risk 1 : 1
Note
Buy on the drawing should read 87.05 Stop on the drawing should read 86.60
Sorry for my mistake.
Trade active
Trade was active at London openNote
Price action has rebounded and found support above entry price so I am moving stop to break even at 87.05 due to the weekend.Depending on price action later today I will close the trade or keep it open over the weekend.
Trade closed manually
Closing for the weekend 87.20 for 15 pips profit. Enjoy.Disclaimer
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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.