anilmangal
Long

NZDJPY corrective up trend

FX:NZDJPY   New Zealand Dollar/Japanese Yen
392 7 56
This is an up date of the previous post ,i't now clear that we could make a Z wave up. I'll wait for an impulse and correction on the lower degree to buy.
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would you place an entry order on this trade?
+2 Reply
No . i am waiting for the impulse then correction before i buy ,if you put an EO you would be taken in by the impulse and might be in drawdown for a long while. If however you have a strong impulse then you are good to go but this happens mostly on a new event .
+4 Reply
Looks to me like it is breaking on a 1H
+2 Reply
I like this analys! I think good target is 91.200 due TL on daily. It looks like a strong level to pass it.
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Waiting for a pullback for an entry point
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We seem to be at the same spot again? I will wait for a possible break to the down side. Would there be a slim chance for one more to the up side?
+2 Reply
it is going up in the converging channel, how much?
+1 Reply