NZDJPY Trade Idea (25th February 2020)
Currency Pair: NZDJPY
Timeframe: H1
Date/Time of Signal: 25th February 2020 / 1750hrs (SGT)
Review:
The spread of the coronavirus is still gripping investors into a state of fear and driving investors to safe haven currency such as YEN.
NZDJPY has been on a downtrend and broken the Support zone of 70.00.
Trade signaled to sell NZDJPY (Entry: 69.88) with 3 Take Profit (TP) Targets (TP1: 69.68, TP2: 69.48, TP3: 69.28) and Stop Loss (SL) at 70.18.
Timeframe: H1
Date/Time of Signal: 25th February 2020 / 1750hrs (SGT)
Review:
The spread of the coronavirus is still gripping investors into a state of fear and driving investors to safe haven currency such as YEN.
NZDJPY has been on a downtrend and broken the Support zone of 70.00.
Trade signaled to sell NZDJPY (Entry: 69.88) with 3 Take Profit (TP) Targets (TP1: 69.68, TP2: 69.48, TP3: 69.28) and Stop Loss (SL) at 70.18.