NZD/JPY: Ready for an explosive move 🚀
The pair has been consolidating for about 15 days and looks ready for a move higher.
The top of the channel was broken and price looks ready to test the next fib level as shown in my chart. The fib which was plotted was inverted.
Price managed to get well above the daily pivot level suggesting buyers are in to support the up move.
Last but not least, price is also above all it's EMAs.
I am taking advantage of NZD strength and JPY weakness on lower and higher timeframes and I am buying the pair at these levels. My first target will be around 71.250 - 71.290 levels.
Trade at your own risk
The top of the channel was broken and price looks ready to test the next fib level as shown in my chart. The fib which was plotted was inverted.
Price managed to get well above the daily pivot level suggesting buyers are in to support the up move.
Last but not least, price is also above all it's EMAs.
I am taking advantage of NZD strength and JPY weakness on lower and higher timeframes and I am buying the pair at these levels. My first target will be around 71.250 - 71.290 levels.
Trade at your own risk
Comment:
Adding more to my long
Trade closed: target reached:
1st target reached
Comment:
2nd target reached
