Good morning happy traders, This is a perfect opportunity to make money, retracement ended and we started the short again. So get back in and be more happy! 1 trg : 73.050, 2nd trg : 72.739, 3rd around 72.222 **actual PA will not go beyond the 50% retracement so you can put your SL there to be safe and sound
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE. WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE. STOPS LOSS AT THE 75.871 LEVEL. FIRST PROFIT TARGET IS 72.216. SECOND PROFIT TARGET IS 67.980.
Short this here 75.86 TP 73.73 SL 76.10 pending buy limit 73.73
PRICE WILL EITHER RETEST THE 75 LEVEL AND BOUNCE BACK TO 75.905 LEVEL AND FALL OR IT WILL JUST BREAK THE SUPPORT LEVEL AT 74.904.
target this area for a pullback and sell on nzdjpy for many pips
NZDJPY short setup
NZDJPY touched the resistance at 75 area without breaking it. Also, tath resistance is in monthly Fibonacci retracement area. Great RR to setup a short trade with a target at 74 area
potential entry. as always use caution. it should pull back and retrace some but the TP target can not be guaranteed. a 1:1 is a conservative take profit. Recent high could be used as a more conservative SL but it may have a chance of being part of a shakeout. Take your pick as to where the SL should go on that one. Tighter may be good with a later re entry if it...
Bullish Cypher in the works? We also have some negative divergence on the MACD
FX_IDC:NZDJPY Safe Trades;