Nzdjpysell
BEARISH CONTINUATION ON NZDJPY NZDJPY has shown great bearish momentum and currently retraced into a continuation pattern. We may see price continue to our take profit level.
Stop loss - Red price level
Take profit - Green price level
Remember you must manage risk, only risk 1% or 2% depending on your risk tolerance. There is no such thing as a guaranteed win in trading. What you have is an 'Edge' with your edge you are in a game of probabilities and you are not always going to be right and that is okay! You learn, trade and continuously optimize.
NZD/JPY - Day Trading SellNZD/JPY is failling to make a push up on the 1H chart.
It has broken under the 50 EMA of the 1H chart.
As long as it holds as support, the sell is active.
We can expect the pair to drop to the last low to find it's support for another push back up.
This is a day trade. Wait for good confirmation of the move and enter.
Trade safe.
NZDJPY Reaching Support Zone Potencial Drop SHORTAfter identifying this support zone, we emphasize that it has been tested numerous times previously and in the H4 chart it presents sale signals. MACD gave the cross and the price tested the support zone, rejecting it. I think it's a good time to open a short position.