Bias: Bullish 🟢
NZDJPY is currently testing the lower boundary of a well-established ascending channel on the 4H timeframe. Price has reacted from trendline support while both RSI and MACD are showing signs of a bullish reversal from oversold conditions, suggesting buyers may be preparing for another push higher.
📊 Trade Idea – Swing Long
Entry Zone: 93.40 – 93.50
Stop Loss: 92.50
🎯 Take Profit Levels:
TP1: 94.60
TP2: 95.50
TP3: 96.00
The setup offers an attractive risk-to-reward opportunity as price attempts to bounce from channel support. Previous reactions from this trendline have resulted in strong bullish moves, and momentum indicators are beginning to turn in favor of the bulls once again.
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FBMR Trading
NZDJPY is currently testing the lower boundary of a well-established ascending channel on the 4H timeframe. Price has reacted from trendline support while both RSI and MACD are showing signs of a bullish reversal from oversold conditions, suggesting buyers may be preparing for another push higher.
📊 Trade Idea – Swing Long
Entry Zone: 93.40 – 93.50
Stop Loss: 92.50
🎯 Take Profit Levels:
TP1: 94.60
TP2: 95.50
TP3: 96.00
The setup offers an attractive risk-to-reward opportunity as price attempts to bounce from channel support. Previous reactions from this trendline have resulted in strong bullish moves, and momentum indicators are beginning to turn in favor of the bulls once again.
━━━━━━━━━━━━━━━━━━━━━━
FBMR Trading
More setups, updates & documented results:
Join my free FBMR Trading Telegram channel:
t.me/+5MMyc0_HQ9M3OGU0
📊 247 Closed Ideas | 192 Profitable | 78.05% Historical Success Rate so far
Join my free FBMR Trading Telegram channel:
t.me/+5MMyc0_HQ9M3OGU0
📊 247 Closed Ideas | 192 Profitable | 78.05% Historical Success Rate so far
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
More setups, updates & documented results:
Join my free FBMR Trading Telegram channel:
t.me/+5MMyc0_HQ9M3OGU0
📊 247 Closed Ideas | 192 Profitable | 78.05% Historical Success Rate so far
Join my free FBMR Trading Telegram channel:
t.me/+5MMyc0_HQ9M3OGU0
📊 247 Closed Ideas | 192 Profitable | 78.05% Historical Success Rate so far
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.