BACapitalManagement

Looking to buy NZDJPY around 75.00

Long
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
just now
I'll be looking to buy this pair around 75.00. I'll be looking for bull candles to post on the daily time frame around this price area. If I see a bull candle on the daily time frame, then I will move to the 1H time frame and place buy limit orders at previous market levels.
Comment:
Price is out of the 75.00 price zone. However, I like this price action on the daily time frame. Since a bull candle was posted on the daily time frame, I'll be moving to the 1H to place entries.

Comment:
Rough look at entries and stop losses on 1H time frame.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.