NZDJPY 380PIP SHORT! UPDATE

14 בספט׳ 2021

Hello traders, here we have ourselves a beautiful NZDJPY setup. This setup has a ultimate goal of 380 pips profit! With a small 25 pip stop loss! This insane profit margin gives us a record Risk:Reward of 15.2! This is phenomenal as the risk compared to the reward is so minimal and would a be a lovely trade to catch.
This pair is currently forming a double top formation, however I can also see a reversal pattern forming which should reverse this week.
I am currently expecting NZD Weakness and JPY Strength which will create this correction. We are currently in a bullish impulse which should correct shortly and reach our TP.