FOLLOW UP TO MY NZDJPY IDEA ON GOING LONG.
PRICE HAS PRODUCED A VIABLE H4 SIGNAL TO GO LONG
MY ANALYSIS ON NZDJPY IS THAT W1 IT HAS FORMED A 3 BAR LONG CONFIRMATION
REFER TO MY PREVIOUS TRADE FOR FURTHER ANALYSIS
PRICE HAS PRODUCED A INSIDE BAR FAKEY ON THE H4 SCALE, EXACTLY MY FAVOURITE KIND OF TRADE
ON THE D1, PRICE HAS FAILED TO CLOSE BELOW 89.00 TWICE.
I WOULD GO LONG NOW WITH A 30 PIPS STOP LOSS
RISK REWARD IS GOOD FOR THIS TRADE BECAUSE IF PRICE WERE TO BREAK THE LOW OF THE H4 PIN BAR AS INDICATED, TRADE IS ALREADY INVALID AND PRICE WILL DEFINITELY DROP LOWER
HOWEVER, GIVEN MY EXPERIENCE WITH INSIDE BAR FAKEY FORMATION. IT IS A GOOD SIGNAL THAT PRODUCES GOOD RESULT, ALWAYS WORTH GETTING IN IMMEDIATELY
SUBSCRIBE AND LIKE MY IDEAS TO SEE MORE OF IT.
HAPPY PIPPING.
PRICE HAS PRODUCED A VIABLE H4 SIGNAL TO GO LONG
MY ANALYSIS ON NZDJPY IS THAT W1 IT HAS FORMED A 3 BAR LONG CONFIRMATION
REFER TO MY PREVIOUS TRADE FOR FURTHER ANALYSIS
PRICE HAS PRODUCED A INSIDE BAR FAKEY ON THE H4 SCALE, EXACTLY MY FAVOURITE KIND OF TRADE
ON THE D1, PRICE HAS FAILED TO CLOSE BELOW 89.00 TWICE.
I WOULD GO LONG NOW WITH A 30 PIPS STOP LOSS
RISK REWARD IS GOOD FOR THIS TRADE BECAUSE IF PRICE WERE TO BREAK THE LOW OF THE H4 PIN BAR AS INDICATED, TRADE IS ALREADY INVALID AND PRICE WILL DEFINITELY DROP LOWER
HOWEVER, GIVEN MY EXPERIENCE WITH INSIDE BAR FAKEY FORMATION. IT IS A GOOD SIGNAL THAT PRODUCES GOOD RESULT, ALWAYS WORTH GETTING IN IMMEDIATELY
SUBSCRIBE AND LIKE MY IDEAS TO SEE MORE OF IT.
HAPPY PIPPING.
