NZDJPY H4 LONG PRICE ACTION FORECAST -UPDATE-

Price action fund rejection from the strong level drawn from W1 timeframe, being able to manage a breakout from the trend line, and retest of the level changed the reading of the previous post from a short-entry to a renewed long position.

The pair bullishness is supported not only by the price structure but the MACD and smooth sloping up from the 200MA

The order:
Type: buy-limit
S/L: 68 pips - R:R | 1:2.4
T/P: aiming towards the resistance trendline
Chart PatternsTechnical IndicatorsNZDJPYnzdjpyforecastnzdjpylongTrend Analysis

FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸

INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
Also on:

Related publications

Disclaimer