A #long trade opportunity recently presented itself on the #kiwiyen (#NZDJPY) #trading chart 📈.
This is indicated by the #bullish harami candlestick 🕯️ pattern on the 86.959 horizontal support level.
This indicates a fakeout (false breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 89.500 psychological level and possibly testing the strength of the 89.789 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
This is indicated by the #bullish harami candlestick 🕯️ pattern on the 86.959 horizontal support level.
This indicates a fakeout (false breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 89.500 psychological level and possibly testing the strength of the 89.789 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
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.