alphatrader4

Bounce area 88 zone on nzd/ jpy great risk reward ratio!

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
1
We have a hammer at a support level which closed up. A entry at the 50% LEVEL OF THIS CANDLE
would provide ideal risk reward ratio. About 30 pips risk for 120 pips approx gain at target 1. Should it move to
target 2 that would equate to approx a 200 pip gain off of a risk of about 30 pips or so.

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.