Hello Traders!
NZDJPY have formed an inverse head and shoulder earlier in the week and price have broken to the upside. It is retesting the 50% fib tracement now and would be interesting to enter Long should price comes back a little to touch the 50% with a bullish or rejection candle. If it does, price would be testing the 200MA as well.
Note - Any trades that you choose to take should be based on your own analysis and decision. The ideas shared here are for educational/informational purposes only and I am not responsible for the results of your trades taken.
NZDJPY have formed an inverse head and shoulder earlier in the week and price have broken to the upside. It is retesting the 50% fib tracement now and would be interesting to enter Long should price comes back a little to touch the 50% with a bullish or rejection candle. If it does, price would be testing the 200MA as well.
Note - Any trades that you choose to take should be based on your own analysis and decision. The ideas shared here are for educational/informational purposes only and I am not responsible for the results of your trades taken.
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.
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.