Description: NZDJPY broke the bearish trendline. A minor correction towards 77.40 is predicted. Short entry at the retest of the broken line.
Time Frame: H1
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Neutral
Trade Based On: Trendline Breakout
Accuracy: %95
Recommended Lot Size: 0.10 at 10K
Trade: Short
The Area Of The Entry: 77.40 – 77.50
Stop Loss: 77.80
Target 1: 77.00
Target 2: 76.70
Target 3: 76.30
Note:1 If the pair breaks below 76.30, we will open short again targeting 75.70. At 75.70 a Bullish Butterfly pattern would be completed for a major retracement. We will publish the idea later according to the price action.
Note2: Bearish momentum is quite strong. Midterm traders can enter short at the market price 77.18 with the same targets and stop loss.
Time Frame: H1
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Neutral
Trade Based On: Trendline Breakout
Accuracy: %95
Recommended Lot Size: 0.10 at 10K
Trade: Short
The Area Of The Entry: 77.40 – 77.50
Stop Loss: 77.80
Target 1: 77.00
Target 2: 76.70
Target 3: 76.30
Note:1 If the pair breaks below 76.30, we will open short again targeting 75.70. At 75.70 a Bullish Butterfly pattern would be completed for a major retracement. We will publish the idea later according to the price action.
Note2: Bearish momentum is quite strong. Midterm traders can enter short at the market price 77.18 with the same targets and stop loss.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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.