NZDJPY Consolidation Stage after bullish engulfing candle
16th June -Price enter contracting triangle
20th June -Price break above the contracting triangle and showing bullish bias trend
20th July -after Bullish engulfing candle, price entering correction consolidation.
Option 1
Bullish rectangle-- wait price break above as confirmation and look for pull back and enter Long position
Option 2
If price decide to break lower after the long bullish trend for almost one week, look for price break lower and pull back and enter short position
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
16th June -Price enter contracting triangle
20th June -Price break above the contracting triangle and showing bullish bias trend
20th July -after Bullish engulfing candle, price entering correction consolidation.
Option 1
Bullish rectangle-- wait price break above as confirmation and look for pull back and enter Long position
Option 2
If price decide to break lower after the long bullish trend for almost one week, look for price break lower and pull back and enter short position
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
