Possible NZDJPY Long opportunity
Updated
WEEKLY:
- Bullish
- Bullish engulfing candle close
- Fib golden zone got tapped
- Broke through clean s/r level
DAILY:
- Bullish
- Broke s/r level
- Pattern (inverse h&s) within
pattern (bullish M)
- Fib golden zone aligning with s/r level
- Possible clean 3th touch on trendline
- EMA also aligning with aoi
4H:
- Bearish when in aoi -> weekly and daily bullish so no problem
- Clean s/r zone on the 4H
- Bullish
- Bullish engulfing candle close
- Fib golden zone got tapped
- Broke through clean s/r level
DAILY:
- Bullish
- Broke s/r level
- Pattern (inverse h&s) within
pattern (bullish M)
- Fib golden zone aligning with s/r level
- Possible clean 3th touch on trendline
- EMA also aligning with aoi
4H:
- Bearish when in aoi -> weekly and daily bullish so no problem
- Clean s/r zone on the 4H
Note
Price already pushed to the upside without reaching my AOI, not interested in this setup anymore.Note
Price did what we expected it to do. I did not take an entry because I wasn't sharp in the markets that week. Hope some entered and got their profits.
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