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ForecastCity
May 14, 2020 11:31 PM

Don't miss the great buy opportunity in NZDJPY Long

New Zealand Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.

Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73

SL= Break below S2
Comments
Kristalyn
Great analysis!
ForecastCity
@Kristalyn, Thanks a lot
sara-kian-fx
strong idea! ;)
ForecastCity
@sara-kian, Thank you
Shiva_forex
Good analysis as usua
ForecastCity
@Shiva_forex, Thanks
fxniki
I've learned so much just by following your ideas. 🥰🙏🥰🙏🥰🙏
ForecastCity
@fxniki, It's our pleasure. thanks for following us.
Pro_Trader_007
toward the MARS!
ForecastCity
@Pro_Trader_007, Thanks for your comment.
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