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NZDJPY – Daily chart – Sell At Pullback

When facing the Yen, the Kiwi has enjoyed support from the same fundamental backdrop supporting it against the Franc since September. However, the technical picture is more questionable when viewing the Daily  time frame for NZD/JPY…We looking at a pull back at 73.257 for a nice entry……before the drop will start……..

Signal Specification
Pair:NZD/JPY
Entry Type:SELL
Entry: 73.257
Tp: 66.631
Sl: 75.766
R/R: 2:6
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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.
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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.
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Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
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10 Dec 2019 3:23 pm Posted by admin