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Nzdjpysignal

BULLISH MOVE AFTER RETRACEMENT ON NZDJPY We have seen price show continuous bearish momentum on this pair. Price reached a critical point of support before it started it's bullish ascend. i will be looking for price to pullback around the price level where it currently is and retrace at least potentially 50% of the bullish move before price continues to move bullish . I will looking out for bullish divergence aswell. Red line - SL Green line - TP Grey line - Entry Risk exposure - 1% Risk to reward - 1:2 If you want to learn how to trade and pick profitable set ups on a consistent basis. Send a message and don't forget to hit that follow button! Happy trading
Long
by Malika_Analysis
NZD/JPY : Looking for a Retracement on a Consolidation point!!Right now the pair is below the Weakly Support point Overall the trend is in downtrend but it is on a consolidation fase. The pair might retrace around 0.5 to 0.6 fib point Before it decide it's new trend. I will go long around 72.400 I will go for a short position if it cross 71.390 >>Take profit point if it goes long is around 0.5 to 0.6 fib point >> Take profit point if it goes Short is around 69.563 on a monthly support.
by AyushDhakal