NZDJPY potential short idea
NZDJPY short idea
The price has broken two resistance lines 1. 83.80 (the price at which rejections happened in 4 hour chart) 2. Ascending channel (1 hour chart).
Entry
1. Will await the price to retest 83.80 and wait for confirmation
2. TP1 82.60 (120pips) TP2 81 (280pips)
3. SL 84.30 (50pips)
4. News (No NZD or JPY related news, but US non-farm employment change on Thursday/Friday)
The price has broken two resistance lines 1. 83.80 (the price at which rejections happened in 4 hour chart) 2. Ascending channel (1 hour chart).
Entry
1. Will await the price to retest 83.80 and wait for confirmation
2. TP1 82.60 (120pips) TP2 81 (280pips)
3. SL 84.30 (50pips)
4. News (No NZD or JPY related news, but US non-farm employment change on Thursday/Friday)
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