NZDJPY H1 SHORT PRICE ACTION FORECAST Short

NEW ZEALAND DOLLAR / JAPANESE YENICE

Description

⋅ Aug 7, 2020 11:05 AM

With price action trading within an ascending channel and managing to break through a meaningful level, we could expect a pullback to trigger a sell order as price should continue its bearish momentum towards the channel's support line.

The order:
Type: sell-limit
S/L: 10 pips - R:R | 1:2 -
T/P: ascending trendline

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