Ryan_lopes

Perfect buy entry in NZDJPY (D1 and H1)

Long
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Hello friends. Here is an analysis on NZDJPY . As we can see in D1 the pair is going in descending broadening pattern and the pair is respecting every support and resistance points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here. We have also posted another analysis of H1. As per H1 the pair is in descending triangle pattern and is close to its support level . Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern and move upwards.
Let us know your views guys Thank you.

Ryan.R.Lopes
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this is what i will be looking at from a MTA analysis point of view
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