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TheTradersAvenue
Feb 7, 2023 10:24 AM

NZDJPY > Bullish Wedge Pattern at Entry Point!! 

NZD/JPYOANDA

Description

Analysis of #NZDJPY

Hi traders, today we will have a look at #NZDJPY


looking at the NZDJPY chart you can see we have a wedge pattern after strong momentum to the upside as you can see the pattern completed at the Fibonacci 618 golden level which is also a key market level of 83.00

If the market comes and tests Fibonacci 618 again I will drop to the lower time frame and look for confirmation we are turning polish before entering a boy trade with a good reward to risk

I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!

Trade closed: target reached

60 pips, move sl to be, enjoy

Trade closed: target reached

hit BE
Comments
Solldy
Great analysis, but not all patterns are shown. No questions about the forecast as a whole, but the patterns are visually not enough for a complete view.
timmcgahren
Was 100% on point
Lingrid
Interesting idea
KlejdiCuni
It looks very good. Thanks for sharing your analysis with us.
FOREXN1
Price may have a pullback in that area.
TheTradersAvenue
@FOREXN1, thanks for the comment
ProjectSyndicate
looking good for sure see what we get now
TheTradersAvenue
@ProjectSyndicate, thanks mate for the comment
Williamforex
like it
TheTradersAvenue
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