NZD/JPY – 4H Short Setup at 87.334
The pair is approaching a key resistance level at 87.334, which aligns with a previous supply zone and the upper boundary of a descending channel. Price action has shown multiple rejection wicks near this level, suggesting weakening bullish momentum.
A short entry at 87.334 targets a rejection move toward the next demand zone around 86.500, with invalidation above the recent high. This setup offers a favorable risk-to-reward ratio if the bearish structure continues to hold.
Risk Management:
If entering short at 87.334, it’s crucial to place a tight stop-loss just above recent highs (e.g., 87.50–87.60 zone) to limit exposure in case of a breakout. Only risk 1–2% of your capital on this trade and consider reducing position size if volatility increases. Targeting the 86.50 zone offers a solid risk-reward ratio, but always adapt based on live price action.
The pair is approaching a key resistance level at 87.334, which aligns with a previous supply zone and the upper boundary of a descending channel. Price action has shown multiple rejection wicks near this level, suggesting weakening bullish momentum.
A short entry at 87.334 targets a rejection move toward the next demand zone around 86.500, with invalidation above the recent high. This setup offers a favorable risk-to-reward ratio if the bearish structure continues to hold.
Risk Management:
If entering short at 87.334, it’s crucial to place a tight stop-loss just above recent highs (e.g., 87.50–87.60 zone) to limit exposure in case of a breakout. Only risk 1–2% of your capital on this trade and consider reducing position size if volatility increases. Targeting the 86.50 zone offers a solid risk-reward ratio, but always adapt based on live price action.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.