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ForecastCity_ME
Dec 30, 2020 7:23 PM

💡 Don't miss the great buy opportunity in NZDJPY Long

New Zealand Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (74.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.

Take Profits:
TP1= @ 74.47
TP2= @ 74.85
TP3= @ 75.25
TP4= @ 75.70
TP5= @ 76.20

SL= Break below S2

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Comments
carefulOwl22772
Excellent job
ForecastCity_ME
@carefulOwl22772, Thank you for your comment.
Lizabet
Comprehensive analysis.
ForecastCity_ME
@Lizabet, Thank you for your comment. We appreciate it
EXPERTTRADER85
GOOOD RSI STRATEGY
ForecastCity_ME
@EXPERTTRADER85, Thank you for your comment.
davidgolandak
I agree with you.
ForecastCity_ME
@davidgolandak, Thank you for your comment. We appreciate it
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