SergeantPringles
Long

NZDJPY - 15m - Double Bottom Retest inside consolidation

FX:NZDJPY   New Zealand Dollar/Japanese Yen
31 0 4
First of: I know i mixed up support and resistance on the chart. but i did want to get the chart out as quickly as possible.

Setup is pretty straight forward. We are sitting at a retest zone of the doublebottom neckline which also was strong support prior to that. A retest of the upper line of the current correction (blue dash) will already provide us with a nice 1.5:1. i will take 2/3 off there while with 1/3 i will hope for a break above and another potential impulse, which then might bring us all the way into the 78-79 area.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out