NZD/JPY Bullish Cup and Handle: Targeting a 60-Pip Move
The NZD/JPY pair on the 1-hour chart has formed a bullish Cup and Handle pattern, signaling a potential upward move of approximately 60 pips with a target around 89.260. Traders may look for confirmation of the breakout above the handle resistance to enter a buy trade.
However, caution is advised, as a bearish harmonic pattern could emerge on the 4-hour chart, potentially leading to a reversal after the target is achieved. Monitoring price action and higher timeframes is recommended to manage risk effectively.
However, caution is advised, as a bearish harmonic pattern could emerge on the 4-hour chart, potentially leading to a reversal after the target is achieved. Monitoring price action and higher timeframes is recommended to manage risk effectively.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.