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🟢 Forex Pair :
⚪ Technical Analysis :
Let's start talking about the weekly perspective, since the end of March 2020, the price has...
NZDJPY BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (74.423)
Take-Profit 1: (74.737)
Take-Profit 2: (75.045)
Max Risk-Reward: (1.96)
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Point Of Risk-Reduction: 74,510
Stop-Loss: 23 pips
Risk: 0,5% - 1%
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NZD - BULLISH
1️⃣ The annual yield on New Zealand government 10-year bonds has climbed to 1.12% from a low of 0.44% in September.
2️⃣ The ANZ World Commodity Price Index lifted 1.8% in December
3️⃣ Investors braced for President-elect Joe Biden’s COVID-19 spending plans, with trillions in new spending expected to be unveiled including heftier direct stimulus...
I'm not sure when and where NZD/JPY may rally or bounce to 75.7,
Anyway it's clear that NZD/JPY stay long structure,
I'm doubt that NZD/JPY have any chance fall below 75.257,
So I have many limit pending orders, each attached a little stop-loss.
Yellow text labels are buy prices, and Blue text labels are stop-loss prices.
Hello traders, this is the update on the NZDJPY trade that I forecast on 3 January. Check the forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
Hey traders, here is the analysis for the NZDJPY. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Since March 2020, this pair has been in an uptrend. A base was established in the 68.20-69.00 area from where the current up move was launched. Price recently broke above a major S/R zone located in the 71.50-72.70 area.
I expect that area will be revisited and this is the area I will be looking to find an opportunity to join the trend.
If this works out as per...