BUY NZDJPYTHERE IS A BUY SETUP IN NZDJPY PAIR. IT'S AT PIVOT IN 4 HOUR CHART. ALSO, ITS IN BULLISH TREND.
SO, CAN TAKE PROFIT AROUND 65.600 LEVELS.
GO FOR IT!!!!
Nzdjpydaily
NZDJPY WHERE ITS HEADED!!On Friday NZDJPY rallied near to 65.00. So what's next?
According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there.
What should be the plan??
If we are long on this pair, nook profit here or at least save some by moving stop-loss above. If planning a short then don't take it now, wait till it gets confirmation below 65.00. Otherwise, be neutral as it has high chances to rebound from 65.00 levels if not, then it may rebound again from 63.700 which proved to be a strong support region.
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NZDJPY GREAT OPPORTUNITYNZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels.
So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we can see 65.500 to 66.00 levels.
So, in my opinion, if we take a long here, it is a great opportunity with less risk and high rewards.
BUY NZDJPYThere is a good buying opportunity in NZD/JPY. Taking a long position now with TP - 66.000 may be achieved.
SL-63.700
THERE WILL BE THIS TREND FOLLOW!! IT MUST RECOVER FROM HERE.
