Hey everyone we looking for a long NZDJPY, we were having a uptrend for an quiet a while so this is what i see and why i will taking a buy
1) break and retest to daily support and reject few times
2) reject from a 50% Fib level
3) break our counter trend line on 4h which shows us buyer is taking over
4) shift from bearish to bullish market after break of structure on1h
5) reject Daily and 4h 50 EMA
6) engulfing bullish on 4h
Im aiming 1:2 risk to reward Ratio
1) break and retest to daily support and reject few times
2) reject from a 50% Fib level
3) break our counter trend line on 4h which shows us buyer is taking over
4) shift from bearish to bullish market after break of structure on1h
5) reject Daily and 4h 50 EMA
6) engulfing bullish on 4h
Im aiming 1:2 risk to reward Ratio
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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.