NZD/JPY has just completed one of our patterns that gave us a nice 3R profit. For the next possibility we would like to see this pattern make a retracement at least to the 0.382 of the Fib taken on the impulse. At this previous resistance zone that is in confluence with the 0.382 of the Fib we will be monitoring this pair from a 4h timeframe and wait for the market to shift back to a bullish market. When all our rules are then satisfied we will be taking a nice long on this pair with good probabilities and a good risk to reward. For more content like this and to learn my full rule based strategies send me a personal message on TradingView. Do not take a trade if you have not made the analysis or do not have a proven rule based strategy. ALWAYS do risk management.
Order cancelled