NZDJPY Harmonic & Trend line breakout
This is the type of harmonic I am looking for.
Downward trend.
Harmonic for Sell signal
Price has broken out of the trend line and retested. (I was late for the first entry)
Next move was a Fibonacci retracement at the 50 level.
Risk is 25 pips
Reward can be upto 240 pips so nearly 1:10 risk reward.
RSI is below 50 and on downwards trend.
Downward trend.
Harmonic for Sell signal
Price has broken out of the trend line and retested. (I was late for the first entry)
Next move was a Fibonacci retracement at the 50 level.
Risk is 25 pips
Reward can be upto 240 pips so nearly 1:10 risk reward.
RSI is below 50 and on downwards trend.
has gone to the first take profit (1:1)
lets hope it continues!