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vuyomgwen
Dec 7, 2020 9:36 PM

Long opportunity on NZDJPY Long

NZD/JPYOANDA

Description

I see an opportunity of going long on NZDJPY which is much clear on 30min timeframe. The price is currently trading at 73.307 which will be my entrance price. Then I'll set my stop loss at 73.072 and my target at 73.897. please note that is just an idea which may go as expected or the opposite way sometimes. Please share your opinions on this analysis.
Comments
vuyomgwen
Price is still moving along our analysis, now is heading up to make new HH(Higher Higher) at 73.587 where it will also find resistance which will push the price down back to 73.447 where it make a new HL(Higher Low) and find support and start to go up again aiming to reach a new HH at 73.733 n find resistance which will push it down to the previous HH 73.587 and make new HL as it will find support and go up again to reach a target of 73.897.
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