NZDJPY- Possible bearish setup
FVG (Fair Value Gap): There are two highlighted Fair Value Gaps (FVGs) on the chart. These gaps often indicate zones of inefficiency, which price might return to fill before resuming its trend.
Entry Point: The suggested entry point is near 90.999 within the upper FVG. This zone could be where the trader expects price to retrace before continuing the downtrend.
Stop Loss: Placed at 92.162, just above a key resistance zone. This placement suggests the trader is protecting themselves from a move higher if the price breaches the zone.
Take Profit: Positioned at 83.085, targeting a significant downside move based on the assumption that the price will continue its bearish trend after filling the FVG.
Bearish Structure: The white lines indicate an anticipated move where the price might first rise into the FVG before falling toward the take profit level.
This strategy appears to be based on the idea of catching a retracement in a downtrend, using fair value gaps as potential reversal or continuation zones.
Entry Point: The suggested entry point is near 90.999 within the upper FVG. This zone could be where the trader expects price to retrace before continuing the downtrend.
Stop Loss: Placed at 92.162, just above a key resistance zone. This placement suggests the trader is protecting themselves from a move higher if the price breaches the zone.
Take Profit: Positioned at 83.085, targeting a significant downside move based on the assumption that the price will continue its bearish trend after filling the FVG.
Bearish Structure: The white lines indicate an anticipated move where the price might first rise into the FVG before falling toward the take profit level.
This strategy appears to be based on the idea of catching a retracement in a downtrend, using fair value gaps as potential reversal or continuation zones.
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.
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.