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NZDJPY is sitting around daily support so we will be looking for buy setups on lower timeframes.
on H1: NZDJPY formed a wedge pattern in red but it is not ready to go yet. before we buy, we want the bulls to prove control again.
Trigger => Waiting for a momentum candle close above the last high to buy. If the price forms a new high around the trendline, then we will update our trigger.
Meanwhile, until the buy is activated, NZDJPY would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY is sitting around daily support so we will be looking for buy setups on lower timeframes.
on H1: NZDJPY formed a wedge pattern in red but it is not ready to go yet. before we buy, we want the bulls to prove control again.
Trigger => Waiting for a momentum candle close above the last high to buy. If the price forms a new high around the trendline, then we will update our trigger.
Meanwhile, until the buy is activated, NZDJPY would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
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cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal