Hello traders!
As we are approaching to the end of the year and as well Christmas spirit, the market is going to become very slow and choppy. Now we have to be very patient and use strict risk management, as well as turn to the day trades only.
NZDJPY SHORT OPPORTUNITY:
Price is slowing down on the Daily TF and creating a various reversal patterns on the lower time frames such as 4-hour and 1-hour. Now looking at 1-Hour TF here, we are having a head and shoulder reversal structure but the price is currently struggling to break bellow the supportive region. I'm expecting a little push up to re-test the M formation neckline on the lower TF and then a selloff for kinda 80pips tops to cover the price gap at the bottom.
Disclaimer:
This is not a signal, it is just a trading suggestion. Use it according to your own research and technical analysis.
_____________________________________________________________________
Join our FREE TRADING GROUP: t.me/etgfxtrade
As we are approaching to the end of the year and as well Christmas spirit, the market is going to become very slow and choppy. Now we have to be very patient and use strict risk management, as well as turn to the day trades only.
NZDJPY SHORT OPPORTUNITY:
Price is slowing down on the Daily TF and creating a various reversal patterns on the lower time frames such as 4-hour and 1-hour. Now looking at 1-Hour TF here, we are having a head and shoulder reversal structure but the price is currently struggling to break bellow the supportive region. I'm expecting a little push up to re-test the M formation neckline on the lower TF and then a selloff for kinda 80pips tops to cover the price gap at the bottom.
Disclaimer:
This is not a signal, it is just a trading suggestion. Use it according to your own research and technical analysis.
_____________________________________________________________________
Join our FREE TRADING GROUP: t.me/etgfxtrade