NZDJPY Harmonic & Trend line breakout
2019-11-12 05:21:28
This is the type of harmonic I am looking for.
Downward trend.
Harmonic for Sell signal
Price has broken out of the trend line and retested. (I was late for the first entry)
Next move was a Fibonacci retracement at the 50 level.
Risk is 25 pips
Reward can be upto 240 pips so nearly 1:10 risk reward.
RSI is below 50 and on downwards trend.