Hi Traders,
NZDJPY continued to rise and invalidated our last set up however, we still are within a corrective structure which could potentially give us a reversal soon. If we get a rejection with a strong push down, a short entry would be valid.
Good luck!
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I would love to hear your view...
The NEW ZEALAND DOLLAR / JAPANESE YEN pair is moving inside a right triangle and thus the possibility of a Downward corrective wave, in case the lower bound of the triangle is broken and the uptrend at the point of 72.88 is a selling opportunity towards the target of 71.53.
And about the buying scenario, it begins with a penetration of the upper side of the...
NZDJPY is trading in an ascending triangle pattern, which is a bullish pattern. One can initiate the trade at support and resistance level of the ascending triangle pattern.
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Thanks
Morning guys, this setup looks lovely. Almost too good ;)
We have had several key touches on the daily resistance slope and currently going through the 5th rejection
I am looking for a nice push lower
