Sell NZDJPY Wedge Breakout

14 thg 6The NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 96.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 96.17
2nd Support – 95.82

Stop-Loss: To manage risk, place a stop-loss order above 97.20. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

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As per our Rules, now sentiment Turns to Bullish so, it time to Close near to Entry or with Small Loss 🔊🔊