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HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
The NZD/JPY pair is in our sights today, waiting for a decent pullback and then long this pair due to a strong New Zealand dollar in current market climates
We had a BUY signal from our MT4 chart indicators, which gives us bull signals on 3 high timeframes, 4hr, 1 day and 1 week
JPY had some pretty poor news releases this week already adding to its general weakness
recently after moving up out of the descending channel we can see this pair make more gains
looking for a pullback to around 77-77.5 for a long entry
Targets 78.4, 79.45 & 81
Stop Loss 75.9
this will be a short-mid term trade continuing with the current uptrend
use no more than 2% of your total account
disclaimer: this is for entertainment purposes only and not be considered trade advice
Comments and questions are welcomed below, please feel free to ASK anything!
HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
The NZD/JPY pair is in our sights today, waiting for a decent pullback and then long this pair due to a strong New Zealand dollar in current market climates
We had a BUY signal from our MT4 chart indicators, which gives us bull signals on 3 high timeframes, 4hr, 1 day and 1 week
JPY had some pretty poor news releases this week already adding to its general weakness
recently after moving up out of the descending channel we can see this pair make more gains
looking for a pullback to around 77-77.5 for a long entry
Targets 78.4, 79.45 & 81
Stop Loss 75.9
this will be a short-mid term trade continuing with the current uptrend
use no more than 2% of your total account
disclaimer: this is for entertainment purposes only and not be considered trade advice
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