JPY looking weak NZD is reaching for the stars!!!
NZD/JPY has broken resistance after the 4th touch on the 4 hr timeframe so I'm looking for a buy signal as you can see there is a flag pattern that has formed after an uptrend.
I’ll also be looking out for the red line as this is the monthly resistance level so price may reject when it reaches there if so I will close the trade earlier.
Feel free to like and follow will keep posting all my trade ideas thanks.
Also if you have any trading related question pls dm me.
Risk/reward: 3/1
SL:69.315
TP:70.629
I’ll also be looking out for the red line as this is the monthly resistance level so price may reject when it reaches there if so I will close the trade earlier.
Feel free to like and follow will keep posting all my trade ideas thanks.
Also if you have any trading related question pls dm me.
Risk/reward: 3/1
SL:69.315
TP:70.629
Trade closed: target reached:
Profit target was reached and this trade was closed on 26/08/2020