MikoLau

12/16 NZDJPY (Buy at 6:30 PM)

FX:NZDJPY   New Zealand Dollar / Japanese Yen
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HL on 15M and green bar flip
Broken downtrend

Comments

Nice idea on NZDJPY and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 76.39 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal swing low support). Stochastic is approaching its support at 1% where a corresponding bounce could occur. If a bounce does occur, we may look at the 77.36 resistance level (38.2% & 50% Fibonacci retracement , horizontal pullback resistance), which is just below the upper limit of your take profit zone. Please have a look at our idea and share with us what you think.

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im buy to and same local target price
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