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1h

NZDUSD Long (short-term)Another ride-the-pullback thing. Waiting for another drop then bounce upfrom middle BB before setting up a buy stop order slightly above base fib line with TP near weekly resistance (blue line) and SL at current mid BB. Keeping an eye on ADX and DI indicators in the daily chart though and would cancel or close this trade if ever a cross-over happens there soon. www.dailyfx.com D: W: Confidence: B (might go to C only if red goes above green in the ADX-DI indicator in daily chart and if price action changes both in daily and hourly charts; risky trade)
Long
by aiza_belle
USDJPY BullishNot a bad setup as setups go. I will buy this pair for several reasons - 1. Price is at the support area of 112.60, not very strong bullishly yet, but that was towards market close Friday, so perhaps we will see something interesting this coming week. 2. Price is bouncing off the huge trendline, it was broken and is now being retested as support. 3. There is another, more recent resistance trendline coming in hot, you can see it better on the 30m chart. When price breaks this one, I will buy UJ. 4. The gap around 115.00 is still not fully closed, despite last week's surge in buyers, there are still 10 pips left uncovered. 1:2 Risk to Reward ratio.
Long
by MtxTrader