Using cloud and Fibonacci this bullish momentum in this pair can be played as follows:
Aggressive entry:
Enter on the KIJUN (at the moment 3.827) will move up with the momentum so orders can be moved upwards accordingly
Conservative entry:
Around the support price (3.827)
TP1: 3.8890
TP2: 3.9123
Stops can be placed just below support where this setup fails around 3.816
Very good risk reward ratio of 5 to 1 for TP1 and 7 to 1 for TP2
Trade Safe.
Aggressive entry:
Enter on the KIJUN (at the moment 3.827) will move up with the momentum so orders can be moved upwards accordingly
Conservative entry:
Around the support price (3.827)
TP1: 3.8890
TP2: 3.9123
Stops can be placed just below support where this setup fails around 3.816
Very good risk reward ratio of 5 to 1 for TP1 and 7 to 1 for TP2
Trade Safe.
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.
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.