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The808Trader

NZD/JPY Consolidation Setup

Dolar New Zealand / Yen Jepun (FX:NZDJPY)  
The808Trader  
FX:NZDJPY   Dolar New Zealand / Yen Jepun
Trend Analysis Chart Patterns Technical Indicators NZDJPY kiwiyen consolidation consolidationzone ichimokku the808trader ichimokukinkohyo
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trendanalysis chartpattern indicator nzdjpy kiwiyen consolidation consolidationzone ichimokku the808trader ichimokukinkohyo
This pair has been ranging for a while now and were at a good place and risk to reward to look at this as a consolidation setup.

We are down near the bottom of the consolidation zone we've been stuck in, I'll be entering a long position to go back up the kumo which is near the middle of the zone.

If we fail to hold support at the bottom of the zone, this setup may become invalidated. 
Penafian

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