JarneW

Possible NZDJPY Long opportunity

Long
JarneW Updated   
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
WEEKLY:
 
-       Bullish
-       Bullish engulfing candle close
-       Fib golden zone got tapped
-       Broke through clean s/r level


DAILY:
 
-       Bullish
-       Broke s/r level
-       Pattern (inverse h&s) within
pattern (bullish M)
-       Fib golden zone aligning with s/r level
-       Possible clean 3th touch on trendline
-       EMA also aligning with aoi


4H:
 
-       Bearish when in aoi -> weekly and daily bullish so no problem
-       Clean s/r zone on the 4H
Comment:
Price already pushed to the upside without reaching my AOI, not interested in this setup anymore.
Comment:
Price did what we expected it to do. I did not take an entry because I wasn't sharp in the markets that week. Hope some entered and got their profits.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.