NZD/JPY Trading in Upward Channel.
Hello traders, NZD/JPY is trading at 76.24. The price is trading in upward resistance and support channel and rebounding back from its resistance level. As the price has already rebound back from its resistance level, if it breaks 76.21 price level it can touch support level. So, the entry price for short will be 76.21 first target will be at 75.81 and second target at 75.20.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
Comment:
1st Target hit at 75.81.