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kofikevs
Mar 25, 2024 11:30 PM

NZDJPY - Last Push before Good Friday Long

NZD/JPYOANDA

Description

Hello Everyone!

Trust that we are all well.

NZDJPY Technical Analysis.

Monthly - As we end the 1/4, I'd like to see a bullish monthly close before Good Friday. February Bullish Wickfill is being filled.

Weekly - So Last week we saw the price push up and then come back to retest the Daily support line. It has also formed an inverted hammer suggesting price could push higher.

Daily - Following Monday's candlestick close, I'll be dropping down to a lower timeframe of 4H/1H for entries.

I'm conscious that this trade could be overpromising, due to the Monthly Candlestick closure at the end of this week, but we do have a lot of US news coming up which I hope will weaken the JPY.

Please trade consciously.

Have a blessed week!

God Bless

Comment



Currently up ~20 pips
Comments
TheFxAce
Your clear reasoning for a market upswing makes me want to invest.
kofikevs
@TheFxAce, Thank you sir, currently up ~20pips.
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