NZDJPY Triangle Breakout and Short Opportunity

NZDJPY Triangle Breakout and Short Opportunity

Pattern/Description: Triangle Breakout. We have sold NZDJPY July 5th. We reached our targets. Price retested the top and broke the triangle.

Chart Timeframe: H1

Trade: Short

Accuracy: 75%

Recommended Lot Size: 0.20 at 10K

Entry:72.01

Stop:72.20

Target 1: 71.92 / Reached

Target 2: 71.84 / Reached

Target 3: 71.60

Update: TP2 Reached. Move Stop Loss to entry and wait for the second target. Scalpers may book partial profit

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

NZDJPY: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility