NZDJPY Price reacted off the high time frame resistance zone and pushed downwards. Price could potentially push further downwards to 85.157 area, but I am only targeting for a 1:1.5 risk reward trade for a Friday trade.
Trade closed: stop reached
SL hit, one of the shortest trades taken. Done for the day.Note
Price already retested the swap zone once, pushing price downwards.Conclusion: best to avoid zones that has been tapped twice, especially when it's still very bullish on very high timeframes.
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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.