Following its failure to cross the "Rising-Wedge" 2 months old, the NZDJPY could not cross the horizontal 76.30–20 that turns the focus of the market to 75.15–10.
If the pair decreases below 75,10, the barian formation support at 74,45 will be essential, since a lasting decline below 75,75 and then 73,40 consecutive supports might not hesitate to catch the quote. In the meantime, a 76.30 upside break may be required to validate the strength by crossing the resistance pattern at 76.40. Due to the daily closure after 76.40, the 76.65, the 77.15 and 77.70 registered pairs can entertain purchasers before being challenged by 78.20 and 78.85 in north.
If the pair decreases below 75,10, the barian formation support at 74,45 will be essential, since a lasting decline below 75,75 and then 73,40 consecutive supports might not hesitate to catch the quote. In the meantime, a 76.30 upside break may be required to validate the strength by crossing the resistance pattern at 76.40. Due to the daily closure after 76.40, the 76.65, the 77.15 and 77.70 registered pairs can entertain purchasers before being challenged by 78.20 and 78.85 in north.
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
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If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
Forextamil
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If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
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