Rick_69ro

NZD/JPY DAILY - Beautiful RSI divergence favourable for LONG pos

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
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6
Stochastic still needs a little bit more upside evolution to give us signal for entry LONG position. Don't hurry. Go to lower timeframe to find proper signal like a pattern or something. The price is also sitting on the daily upside trendline and based on Andrew's pitchfork , the price should go to the median line in the end. It's a matter of time. Watch it guys. The daily RSI divergence is awesome.
Comment: This one takes time to change its trend to the upside, it's a daily chart.. Stochastic not in the position to give entry signal yet. RSI stays withi limit of 70. Keep watching it guys.
Comment: Excellent upside burst! Next target 80.500

Comments

good call. price should have a bit more to fall before there is buying opportunity. Agree to have a little more patience.
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@Yappy, Thank you Yappy.
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very nice and clear analysis......
what will be the tp???
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Rick_69ro ashif030
@ashif030, Around 80. Thank you.
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Rick_69ro ashif030
@ashif030, target of 80 reached! Still can get to 80.500 move up your SL.Good luck
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ashif030 Rick_69ro
@Rick_69ro, thanks
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