A very possible move to keep an eye on. This is a long term position and I would suggest placing your order after more confirmation is here. If this level does not hold, then the long term bullish is canceled. And as always risk manage properly and stay consistent! Happy Trading!
NZDJPY Many of the Yen pairs have found themselves at support with daily stochastics in oversold territory. We are expecting Yen weakness to kick in over the next two to three weeks, so maybe tomorrows catalyst for the Kiwi will be the quarterly Retail Sales figures due out at 23:45GMT on Sunday. A good print here could see the Kiwi further strengthening off...
Buying to test the system, lets see how it turns out. going to post multiple of these to get a approximate accuracy on the system. to try the system pm me.
A sharp pole with a consolidation pattern. This resembles me more like a flag structure. If it breaks we it may create new highs.
We expect the price will move upwards in long term weekly technical analysis. Take Entry @ 82.50 Take Profit @ 88.30 Stop Loss @ 72.00
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE. WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE. STOPS LOSS AT THE 75.871 LEVEL. FIRST PROFIT TARGET IS 72.216. SECOND PROFIT TARGET IS 67.980.