Hello Traders, I would like to present a potential SELL set-up in NZDJPY through this analysis.
As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in.
So, any kind of risk-off situation can lead to a sharp reversal in price.
Hence, based on BEARISH PRICE ACTION in lower time frames, traders can look for SELL between 73.30-73.80 with SL above 74.15.
TPs can be set at 72, 71.30 and 70.15 respectively.
As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in.
So, any kind of risk-off situation can lead to a sharp reversal in price.
Hence, based on BEARISH PRICE ACTION in lower time frames, traders can look for SELL between 73.30-73.80 with SL above 74.15.
TPs can be set at 72, 71.30 and 70.15 respectively.
註釋
Sell entry at 73.45 and currently in profit註釋
Moving down nicely from my sell area.註釋
100H EMA broken in lower time frame
註釋
Very close to first TP with more than 130 pips in the bag
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。