waiting for confirmation on the indicated level (sell limit), good RR ratio (almost 3.5)
Waiting for confirmation to sell the NZDJPY as per the RR shown in the drawing
Practically , i will need to see how the market will react to the current price level by next Monday end of day, we have a big price gap in the chart , which has to be filled before the pair resumes its bearish journy. So either the price will fall directly, which i dont think would happen as institutions wont accept the current price, or it go up first to be at...
this week was correction week for the pair, i believe it wont take long time to drop dramatically.
I believe that the bearish sentiment still strong, and all printed candles of this week was only correction.i will observe the marked levels for sell opportunity with an attractive RR ration
I believe the pair is on its way to jump up off the trend line as per the indicated level
I believe the price will bounce back to the indicated level, then i will enter long provided that good price action was in place on the trend line.this is high RR trade
Lets take the correction opportunity, jumping right away to the market now