TradingView
Mihai_Iacob
Nov 15, 2021 2:01 AM

NzdJpy- Entering buy zone Long

New Zealand Dollar/Japanese YenFXCM

Description

Since 20th August, NzdJpy is in an uptrend rising around 800 pips and also breaking above the neckline of an H&S pattern
In the last trading month, the pair has started to correct and I believe we are close to resuming the uptrend.
At this moment NzdJpy is entering a strong buy zone marked buy old horizontal supports and 50% Fibo for the last leg up
Losses from this moment are limited in my opinion and a buy trade in this zone also could have a nice R:R if we target the previous high
I'm looking to buy
Comments
JustTradeSignals
Hi friend nice working.. did you check our recent analysis??
MonoCoinSignal
Thanks for this
Saif_R
Great job!
TheSignalyst
I agree but personally waiting for the last swing high (H1) break upward to buy for extra confirmation.
KlejdiCuni
Well done mate!
More