NZDJPY - SHORT
Price is moving correctly, low momentum creating a middle section in that overall possible Ascending channel for a reverse move.
- On 1D TMF price moved with a strong impulse rejecting +50% of the previous buy candle.
- 4H looks strong as well creating a correction in a good value area
- 1H timeframe is forming an ascending channel with a middle section and possible chance of a third touch of the pattern or a double top of the structure.
- The best scenario is to wait for a price to give us a clue.
Possible personal entry at 87.470 with SL 87.700 and TP 86.854 for a 3.5% and long TP at 85.400 for a 9% profit.
- On 1D TMF price moved with a strong impulse rejecting +50% of the previous buy candle.
- 4H looks strong as well creating a correction in a good value area
- 1H timeframe is forming an ascending channel with a middle section and possible chance of a third touch of the pattern or a double top of the structure.
- The best scenario is to wait for a price to give us a clue.
Possible personal entry at 87.470 with SL 87.700 and TP 86.854 for a 3.5% and long TP at 85.400 for a 9% profit.
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