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mansooryousafzai

NZDJPY - Bullish Trend - 1 Hour Time Frame

Long
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
mansooryousafzai  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators NZDJPY nzdjpylong
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trendanalysis chartpattern indicator nzdjpy nzdjpylong

Based on the chart's price action, it appears to be forming higher highs (HHs) and higher lows (HLs), indicating a potential bullish trend. As a result, we are planning to enter a long trade with a 1:1 risk/reward ratio.

To execute this trade, we will set a Buy Stop order at 83.216, with a Stop Loss at 82.792. Our selected Lot Size will be 0.25. We have set two Take Profit levels at 83.631 and 84.031.

Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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