FX:NZDJPY   New Zealand Dollar / Japanese Yen
8 consecutive weeks of selling Both NZDJPY and AUDJPY , take a look at Deep crab Fib 2 comes in , right below previous spike and loads of support from history. Plus there is a strong Quarter theory support sitting there which if the daily candle cannot close below it, most likely will start retracing.
NEWS coming out from NZD(GDP) and JPY(interest rate) next week The week after we also have NZD cash rate decision.
Indicator side, TDI , RSI , WTI on Daily chart are all wasted with a crazy oversold condition.
We will see how next Monday and Tuesday trading range, will market start pricing in on upside. At least the reward on upside is huge unless sellers are lucky to catch a flash crash.
Stop Loss should be very conservative tight, prevent the flash crash.
Comment: Seems like it rejected from Deep crab 1.618 ahead of BOJ interest rate desicion , market is pricing in on that news, we could open our order after daily bar closure
Trade closed: target reached
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