NZDJPY Good opportunity for buyers
Based on the chart movement, a good support of buyers is observable and it made a good uptrend on the chart. So at this situation I prefer to come with trend and do a trend surfing. Also price reached a support level and today we can see the reaction of buyers which leads to have a green day by it.
Therefore I prefer to be buyer at this area with a good risk reward ratio to me (about 1:3).
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
Therefore I prefer to be buyer at this area with a good risk reward ratio to me (about 1:3).
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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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.