NZDJPY Long
Analysis
NZDJPY is completing a double bottom on the daily chart. Additionally, a bullish pinbar close is imminent on the daily chart.
Trigger
Once the daily pinbar closes, set pending buy stops on the break of the high of the pinbar candle.
Trade
Set targets at the 74.50 level.
Gauge price momentum (x and y axis) to determine if a break of the 75.00 level is likely for a possible retest and continuation of double bottom.
NZDJPY is completing a double bottom on the daily chart. Additionally, a bullish pinbar close is imminent on the daily chart.
Trigger
Once the daily pinbar closes, set pending buy stops on the break of the high of the pinbar candle.
Trade
Set targets at the 74.50 level.
Gauge price momentum (x and y axis) to determine if a break of the 75.00 level is likely for a possible retest and continuation of double bottom.
Trade closed: target reached
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.