Hi everyone,
i believe NZDJPY is setting up to shoot up. The pair has been going down for a while now without a reasonable correction.
Wait for a H4 candle to close above the box, which is also the 0.5 daily-fibo.
You can also wait for a breakout of the descending trendline.
Ideal situation would be a clear breakout and a small H1 flag. You can then buy the breakout of the smaller flag.
Greetings.
i believe NZDJPY is setting up to shoot up. The pair has been going down for a while now without a reasonable correction.
Wait for a H4 candle to close above the box, which is also the 0.5 daily-fibo.
You can also wait for a breakout of the descending trendline.
Ideal situation would be a clear breakout and a small H1 flag. You can then buy the breakout of the smaller flag.
Greetings.
Note
Trade active.Note
There we go.Note
KiekboeNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.