📈 The trend is clearly bullish, with the week starting strong and Friday closing above the 22-period daily moving average.
Now it’s just a matter of waiting for a correction to enter at a more interesting price zone. Personally, I believe the price has a high probability of visiting the two marked areas — roughly a 75% and 60% chance, respectively.
If you're looking to manage a tighter stop-loss and aim for a risk-to-reward ratio around 1:5, this setup could be for you. 🔍
⚠️ Always remember: risk no more than 0.5% of your account per trade.
#NZDJPY #SwingTrade #Forex #RiskManagement #TradingView
Now it’s just a matter of waiting for a correction to enter at a more interesting price zone. Personally, I believe the price has a high probability of visiting the two marked areas — roughly a 75% and 60% chance, respectively.
If you're looking to manage a tighter stop-loss and aim for a risk-to-reward ratio around 1:5, this setup could be for you. 🔍
⚠️ Always remember: risk no more than 0.5% of your account per trade.
#NZDJPY #SwingTrade #Forex #RiskManagement #TradingView
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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.
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.