NZDJPY, 1hr tf, buy setup at the end of wave-iv
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Hello my friends,
Today i am gonna buy NZDJPY .
Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R.
I didn't posted it on tradingview because i was not on my laptop when i took that trade.
So instead i will share the buy position today.
As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90.
Additonally there is 200-EMA at here as well so this place is an area of confluence support.
Buy NZDJPY 75.90
Stop loss 75.50
Take profit 77.20 (3.25R)
Use only 1-2% risk
Good luck
Today i am gonna buy NZDJPY .
Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R.
I didn't posted it on tradingview because i was not on my laptop when i took that trade.
So instead i will share the buy position today.
As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90.
Additonally there is 200-EMA at here as well so this place is an area of confluence support.
Buy NZDJPY 75.90
Stop loss 75.50
Take profit 77.20 (3.25R)
Use only 1-2% risk
Good luck
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