New Zealand Dollar / Japanese Yen
Long
Updated

Potential for a long position

29
Weekly Chart:
Bullish Engulfing Patter
Reacted nicely with key support @ 75.973
Daily Chart:
Price closed above key level @ 75.973
Watch out:
Mid-term and short-term down-trend line still intact.

I am going to wait for price action to buy around weekly demand zone: 75.610 – 76.428
Trade active
My order have been filled. Joined the Bulls.
snapshot
Note
It moved nicely in my favor.
snapshot
Trade closed: stop reached
SL hit with nice profit.
snapshot

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.