NZD pairs top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Nzdjpytrade
NZDJPY Analysis and Trade Idea... short-to-long!NZDJPY has been one of the strongest currencies for the last several days, while the JPY has been one of the weakest. This may change come with BoJ news on Monday. Rates may stay the same, but just be aware.
Price made a HH, and with a RTI (return to impulse) expected, we can short to the expected HL. There, we can take the more significant swing trade for a long position to the next HH.
The Short-to-Long, if you will.
Sell NZDJPYNZDJPY has respected the resistance level of 77.921 and moving back to our support on 76.400
Reason for trade : A Doji has formed on the 4 hour time frame and also respected the level which gives me the confirmation for a down trend
tp: 76.400
sl:78.130
Use proper risk management when trading
I always use risk ratio of 3:1 win 3 and loss 1
Remember that trading is a patience game