Trading2ez

NZD/JPY with a nice long-opportunity!

Long
FX:NZDJPY   Dollaro neozelandese / Yen giapponese
Hey tradomanicas,

looking at NZD/JPY I see a great long-chance as price just broke out of its previous correction.

After multiple tests of the accumulation-zone with previous high momentum it looks like price is ready to move up very soon.

Stop-Loss-Fishings indicate that retailers were long and already taken out, which is another strong evidence for a long-scenario here as big players are grabbing liquidity.

Technically we see a breakout which could attract more buyers to hop in!


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Peace and good trades
Irasor

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