Brian_Philips

NZDJPY Good opportunity for buyers

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Based on the chart movement, a good support of buyers is observable and it made a good uptrend on the chart. So at this situation I prefer to come with trend and do a trend surfing. Also price reached a support level and today we can see the reaction of buyers which leads to have a green day by it.
Therefore I prefer to be buyer at this area with a good risk reward ratio to me (about 1:3).
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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