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NZDJPY H1: BEST Level to BUY/SHORT +100/+200 pips(SL/TP)(XABCD)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as LONG because I expect reversal
from PRZ/point C of the XABCD
🔸 Summary and potential trade setup
::: NZDJPY 2hours/candle chart review
::: XABCD speculative setup
::: MARKET BUY NOW point C/reversal
::: SPECULATIVE SETUP / do your own due dill
::: for best results BUY/HOLD at market now
::: this is HIGHER RISK setup
::: point D is reversal / BEARS swing trade
::: BULLS BUY/HOLD and exit at point D/PRZ
::: expecting reversal TP BULLS at 87.60
::: LOWER RISK strategy: SHORT HIGH 87.60
::: SL BEARS 60 pips TP +200 pips 85.60
::: recommend to SHORT/HOLD TP1 +100 TP2 +200
::: recommended strategy: SHORT/HOLD point D/PRZ
::: final TP BEARS 85.60
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 85.60 fresh demand zone
::: 87.60 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/pump/9540
::: Sentiment mid-term: BULLS/reversal/C
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.