Hello, Traders
Today, we are turning our gaze towards the NZD/JPY pair, which is showcasing a remarkable trading opportunity.
Upon examining its hourly chart, we notice that it has formed an advanced harmonic pattern, specifically the Gartley Bullish pattern. This development indicates a potential upward movement in the near future.
Currently, the price is trading above the long entry level (EL) at 86.448, which is a promising sign for traders looking to capitalize on this upward trend. To safeguard your investment, consider setting a protective stop (ST) at 86.301.
As we venture into this trading opportunity, here are the targets to keep an eye on:
**Target 1:**
- 62% of XA: 86.702
- 79% of XA: 87.364
**Target 2:**
- 127% of XA: 88.019
- 162% of XA: 88.489
If you found this insight helpful, please support us with a like and follow for more insightful content in the future. Your support fuels our motivation to bring you more quality analysis. Thank you!
Today, we are turning our gaze towards the NZD/JPY pair, which is showcasing a remarkable trading opportunity.
Upon examining its hourly chart, we notice that it has formed an advanced harmonic pattern, specifically the Gartley Bullish pattern. This development indicates a potential upward movement in the near future.
Currently, the price is trading above the long entry level (EL) at 86.448, which is a promising sign for traders looking to capitalize on this upward trend. To safeguard your investment, consider setting a protective stop (ST) at 86.301.
As we venture into this trading opportunity, here are the targets to keep an eye on:
**Target 1:**
- 62% of XA: 86.702
- 79% of XA: 87.364
**Target 2:**
- 127% of XA: 88.019
- 162% of XA: 88.489
If you found this insight helpful, please support us with a like and follow for more insightful content in the future. Your support fuels our motivation to bring you more quality analysis. Thank you!
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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.