Possible long opportunity on NZDJPY, similar to NZDCHF.
Price recently broke out the descending channel as has begun bullish momentum in an ascending channel. If conditions are right, we could see the price continue to 78.50 level
Checklist for entry:
-rejection at ascending channel support
- rejection at 78.6% fib level
- price holds at 4H EMA
- bullish confluence among MACD and RVI
Price recently broke out the descending channel as has begun bullish momentum in an ascending channel. If conditions are right, we could see the price continue to 78.50 level
Checklist for entry:
-rejection at ascending channel support
- rejection at 78.6% fib level
- price holds at 4H EMA
- bullish confluence among MACD and RVI
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