NZDJPY - will wait for price to come to where I want to trade
Since March 2020, this pair has been in an uptrend. A base was established in the 68.20-69.00 area from where the current up move was launched. Price recently broke above a major S/R zone located in the 71.50-72.70 area.
I expect that area will be revisited and this is the area I will be looking to find an opportunity to join the trend.
If this works out as per my analysis, this trade has the potential to provide a +4R trade.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.
I expect that area will be revisited and this is the area I will be looking to find an opportunity to join the trend.
If this works out as per my analysis, this trade has the potential to provide a +4R trade.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.