NZD/JPY Short Setup – Trendline Break & Retest - 1:6.5 RR

15 小時前NZD/JPY Short Setup – Trendline Break & Retest

I'm watching the NZD/JPY pair on the 1-hour chart. We've seen a clean break below the ascending trendline, signalling a potential reversal.

I'm looking to enter short on a retest of the broken trendline at 89.590, with a stop loss at 90.100 (-51.4 pips). The setup offers a solid reward-to-risk ratio with multiple take profit levels:

TP1: 88.666 (+92 pips) – where I will move the stop loss to break even.
TP2: 87.580 (+201 pips).
Full TP: 86.273 (+332 pips).