Description: NZDJPY broke the bearish trendline. A minor correction towards 77.40 is predicted. Short entry at the retest of the broken line.
Time Frame: H1
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Neutral
Trade Based On: Trendline Breakout
Accuracy: %95
Recommended Lot Size: 0.10 at 10K
Trade: Short
The Area Of The Entry: 77.40 – 77.50
Stop Loss: 77.80
Target 1: 77.00
Target 2: 76.70
Target 3: 76.30
Note:1 If the pair breaks below 76.30, we will open short again targeting 75.70. At 75.70 a Bullish Butterfly pattern would be completed for a major retracement. We will publish the idea later according to the price action.
Note2: Bearish momentum is quite strong. Midterm traders can enter short at the market price 77.18 with the same targets and stop loss.
Time Frame: H1
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Neutral
Trade Based On: Trendline Breakout
Accuracy: %95
Recommended Lot Size: 0.10 at 10K
Trade: Short
The Area Of The Entry: 77.40 – 77.50
Stop Loss: 77.80
Target 1: 77.00
Target 2: 76.70
Target 3: 76.30
Note:1 If the pair breaks below 76.30, we will open short again targeting 75.70. At 75.70 a Bullish Butterfly pattern would be completed for a major retracement. We will publish the idea later according to the price action.
Note2: Bearish momentum is quite strong. Midterm traders can enter short at the market price 77.18 with the same targets and stop loss.
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