long..wait for bullish candle..

FX:NZDJPY   New Zealand Dollar / Japanese Yen
54 1
wait for the bullish candle Engulfing or pin bar ...to go long
Nice idea on NZDJPY and there may be bullish potential as you have identified. The 1st support that we have found at 74.13 falls between the support levels that you have identified. It is a horizontal overlap support, with 38.2% Fibonacci retracement and 100% Fibonacci extension x2. Stochastic is approaching its support at 2.4% where a corresponding bounce could occur. If there is a potential bounce, we may want to take a closer look at the 74.98 resistance level. It is a horizontal pullback resistance with a 61.8% Fibonacci retracement. Looking forward to seeing how things develop.

Please have a look at our idea and we would like to hear what you think.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out