NZDJPY... BIG R:R Short
This is worth a short from this level for me. POC highlighted by the blue line has previously acted as resistance. Price has since broken through this level but has quickly settled back below. I am in short now with my Stop loss above the latest high, the high prior to this one has been taken and this may just be price reaching liquidity before a big move down. Fake breakout? If it is then the R:R is HUGE!
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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.