NZDJPY - Bears with the Advantage > SELL !
HELLO TRADERS AND INVESTORS,
I'm here today to share my point of view on how we can expect the price of NZDJPY to perform when the market reopens. Let's make wise management decisions to make the most of the opportunities ahead of us; if you agree with this idea, GIVE that boost a click and follow me for more insights just like this👇🏾
- To start, I've observed that the price of NZDJPY has dropped -0.61% (55.6 pips) below my entry point in the last 2 trading days. This decline seems to be in response to these essential factors that I have implemented into my strategy, bringing the price closer to my targeted take profit.
1st = The timing of this opportunity is pretty accurate with the timing of the previous opportunity from last week, which was effective and profitable. ✅
2nd = The Bearish Candle I found has the three specific principles I always look for in a profitable bearish candle. ✅
3rd = The previous wick of that same Bearish Candle is greater than the last bearish previous wick (15), by 34 = making it more effective and influential ✅
- These main reasons have me convinced that it has the POWER within each other to influence the price of NJ to completely drop 110.5 pips below the bottom of this bearish candle while protecting the price from hitting a 17 pip stop loss above the bottom of this same bearish candle.
(GREATER CHART VIEW 🌅)
(MY SELL POSITION OFF THIS BEARISH CANDLE) - 8.17.2023
MY ENTRY PRICE was $86.468 > The current price of NJ is $86.104
The price of my take profit is set at $85.281 (118.7 pips)
The price of my stop loss is set at $86.641 (17 pips)
*MY RISK management rules have been applied + calculated in this position
REMEMBER = always apply calculated risk according to your trading plan
- IF YOU FOUND THIS BENEFICIAL IN ANY WAY - YOU CAN SUPPORT ME AGAIN BY HITTING THE BOOST AND FOLLOWING ME FOR MORE IDEAS AND OPPORTUNITIES - I APPRECIATE IT 💚
(Bk) Buomkuoth Nhial Reath 💎
JESUS CHRIST IS LORD OF ALL AMEN
I'm here today to share my point of view on how we can expect the price of NZDJPY to perform when the market reopens. Let's make wise management decisions to make the most of the opportunities ahead of us; if you agree with this idea, GIVE that boost a click and follow me for more insights just like this👇🏾
- To start, I've observed that the price of NZDJPY has dropped -0.61% (55.6 pips) below my entry point in the last 2 trading days. This decline seems to be in response to these essential factors that I have implemented into my strategy, bringing the price closer to my targeted take profit.
1st = The timing of this opportunity is pretty accurate with the timing of the previous opportunity from last week, which was effective and profitable. ✅
2nd = The Bearish Candle I found has the three specific principles I always look for in a profitable bearish candle. ✅
3rd = The previous wick of that same Bearish Candle is greater than the last bearish previous wick (15), by 34 = making it more effective and influential ✅
- These main reasons have me convinced that it has the POWER within each other to influence the price of NJ to completely drop 110.5 pips below the bottom of this bearish candle while protecting the price from hitting a 17 pip stop loss above the bottom of this same bearish candle.
(GREATER CHART VIEW 🌅)
(MY SELL POSITION OFF THIS BEARISH CANDLE) - 8.17.2023
MY ENTRY PRICE was $86.468 > The current price of NJ is $86.104
The price of my take profit is set at $85.281 (118.7 pips)
The price of my stop loss is set at $86.641 (17 pips)
*MY RISK management rules have been applied + calculated in this position
REMEMBER = always apply calculated risk according to your trading plan
- IF YOU FOUND THIS BENEFICIAL IN ANY WAY - YOU CAN SUPPORT ME AGAIN BY HITTING THE BOOST AND FOLLOWING ME FOR MORE IDEAS AND OPPORTUNITIES - I APPRECIATE IT 💚
(Bk) Buomkuoth Nhial Reath 💎
JESUS CHRIST IS LORD OF ALL AMEN