Interesting setup on the 4h chart for NZD/JPY with a potential breakout, as you can see price has been confined since late December... I'm expecting a break of this area as illustrated on the chart.
We may encounter a retracement to the trendline before making a move lower!
All-round excellent opportunity with a 1:2 or 1:3 risk to reward, safe trading everyone.
We may encounter a retracement to the trendline before making a move lower!
All-round excellent opportunity with a 1:2 or 1:3 risk to reward, safe trading everyone.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
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.