fib_fx
Long

NZDJPY Opportunity arising!

FX_IDC:NZDJPY   NEW ZEALAND DOLLAR / YEN
33 0 2
Monthly:
- Bullish Channel
- Higher Lows and Higher Highs
- Above 50ema
- Morning Doji star formation off support and 50% fibonacci
Weekly:
- Above 200ema
- Below 50ema (ideally wait for close above and retest)
- Last week candle close Bullish Engulfing
Decision:
Await Daily bullish price action i.e Bullish Hammer retesting resistance as new support to trade to upside.
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