NZDJPY Price Action Analysis – 25th Sept 2017
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NZDJPY has been bearish on the H4 chart. Today’s H1 price action suggests that the pair is getting ready to make another move towards the downside. Thus, sellers will keep their eyes on the pair since the pair might offer an entry, which offers an excellent risk and reward ratio. Let us have a look at the H1 NZDJPY chart.
- Sell Limit Order: 81.850
- Stop Loss Level: 82.200
- Take Profit Level: 80.100
- Validity: 72 hours
- Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable
All EUR pairs started today’s trading day with a huge gap. It is because of German election. The traders might have to be patient here to trade on the EURO pairs today and tomorrow because of the Gap. When a pair has a gap, it gets difficult to spot out the potential level of support or resistance as far as H1 or H4 charts are concerned. Thus, traders to trade on the EURO pair might as well be patient to be sure about the level of Support/Resistance until tomorrow
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