NZDJPY is setting up for a wonderful buying opportunity. Price has currently found a support level around 74.600 and has made a double bottom on
the Hourly time-frame, Secondly price seems to be respecting the trend-line and has been bouncing off it so I think it will bounce off it again for the third touch and continue to the upside, Third price is respecting the 50 % fibonacci retracement level. My stop-loss level is at about 74.450, I would like the market to breathe and do whatever it would like to do.
the Hourly time-frame, Secondly price seems to be respecting the trend-line and has been bouncing off it so I think it will bounce off it again for the third touch and continue to the upside, Third price is respecting the 50 % fibonacci retracement level. My stop-loss level is at about 74.450, I would like the market to breathe and do whatever it would like to do.