NZDJPY is in the process of forming a descending triangle. This pair has a success rate of 71% on the 1H chart when identified by our algorithm. The descending triangle pattern has a success rate 74% on the 1H chart for all pairs generated by our algorithm.
We will be shorting this pair approximately 20 pips below the bottom of the triangle. Our profit target will be 150-180 Pips. Stops will be placed 60-100 Pips.
We will be shorting this pair approximately 20 pips below the bottom of the triangle. Our profit target will be 150-180 Pips. Stops will be placed 60-100 Pips.