Space-Traderfx

NZDJPY - retest and buy!

Panjang
FX:NZDJPY   Dolar New Zealand / Yen Jepun
**Daily:** Forming higher high and low. Breakout of the resistance structure as well. MACD tells uptrend with more momentum is being added.

**4H:*
* price moves higher and higher. Breakout the resistance as well. MACD shows little momentum before the breakout, which is a buildup of breakout, and potential is not a fake breakout.

**1h:** MACD shows sign of slowing down in the upside impulse. It just meet the 50EMA as a strong support as well.

**What to do now? When to buy?**
- Wait when the price comes down and retest at the previous resistance (also lines up of fib 38.2% of the impulse. Then, buy!

GOOD LUCK TO YOU!
Penafian

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