Nice setup for this Year on NZDJPY

prices made new resistance last month but this price area is tested and retested, so easy can become support later this year.

As for now Month closed testing support, expect prices higher inside that big neew resistance area, and tend to drop to the 38.2 of the 2009 fibo wave setup near 77.

Strategy, buy now to 79, sell from 79 and higher to 77 and start buying for rest of year.

Bottom 76.000 and SL for longs followign this setup at 75.000 after 77 i start buy every thing i want :)

Commento:

77 it really is key level, following M shape should break down, but if long is a very good entry for them.

Trade attivo:

as expected, started long from support

Commento:

we are testing 38.2 buy is m call tgt 79