So, what kind of situation we have in NZDJPY pair. If we see the trend lines, it's saying that it's a good time to short this pair as this region holds strong resistance.
Also, in the 4 hr chart, we got conformation to sell this pair. So, if we take a short here then we will be taking profit at 65.300 approx. with a stop loss of 66.200. It's a good risk to reward ratio.
Prices must follow the south direction.
So, we are going to enter this trade now. Let's see what happens!!!!
Stay updated :)
Also, in the 4 hr chart, we got conformation to sell this pair. So, if we take a short here then we will be taking profit at 65.300 approx. with a stop loss of 66.200. It's a good risk to reward ratio.
Prices must follow the south direction.
So, we are going to enter this trade now. Let's see what happens!!!!
Stay updated :)
Comment:
If prices breaks above it and stables we will be closing the position but let's wait!!!!
Comment:
Set stoploss to 66.4