JPYZAR ON THE DAILIES

Tendency: Uptrend ( Bullish )
Structure: Harmonic | Gartley
Observation: i. Using Fibonacci ratios, the retracement between point X and point B is approximate of 61.8%.
ii. At point C, the price reverses to point D.
iii . Price action at point D confirms the completion of the Gartley.
iv. Price action above Moving Averages.
Trading plan: BUY with TP1 and TP2 @ 83pips and SL @ 0.12850/0.12680 zone.
Risk/Reward: 1/1.5
Potential Duration: 1 to 4 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.

Watch this space for updates on lower time frames as price action is been monitored.


FREE TELEGRAM CHANNEL:
Subscribe @ nirvanaconsorts and get real-time trading tips and updates