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Rick_69ro
Sep 4, 2017 10:44 PM

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

New Zealand Dollar/Japanese YenFXCM

Description

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