NZDJPY CREATING HHs & HLs ON 1HR...
NZDJPY CREATING HHs & HLs ON 1HR...
NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory principles.
TRADE PLAN.
Entry Point: CPM
Stop Loss: 90.711
Take Profit: 90.389
NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory principles.
TRADE PLAN.
Entry Point: CPM
Stop Loss: 90.711
Take Profit: 90.389