Trader-Mick

NJ long Cypher Setup

Long
Trader-Mick Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
After installing an uptrend there is an opportunity to take this long trade @81.733 targeting 82.179 with stops at 81.505
Risk Reward is sound. Expecting the market to create new highs.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.

Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.

Comment:
Pattern invalidated!

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.