NZDJPY - Follow The Flow 🌊

29 feb

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 NZDJPY has been overall bullish, trading within the rising channel in blue.

Currently, NZDJPY is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support.

Moreover, it is retesting a strong demand zone at 89.5 marked in green.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.

📚 As per my trading style:
As #NZDJPY is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich