NZDJPY - Chart Analysis - Strategy
According to chart analysis, it is possible that it will be a good bullish ride but a better strategy is to wait for trend continuation, so for that, we have possible two plans
Plan A: Short
we have a Rising Wedge which indicates a Reversal Pattern so the strategy is to enter 84.241 and TP at 82.062, SL is 84.883
Plan B: Long
we have a Bullish Pennant which indicates a Contuition Pattern so the strategy is to enter 86.962 and TP at 89.378, SL is 86.357
Plan A: Short
we have a Rising Wedge which indicates a Reversal Pattern so the strategy is to enter 84.241 and TP at 82.062, SL is 84.883
Plan B: Long
we have a Bullish Pennant which indicates a Contuition Pattern so the strategy is to enter 86.962 and TP at 89.378, SL is 86.357
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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.
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.