NZD/JPY with a nice long-opportunity!Hey tradomanicas,
looking at NZD/JPY I see a great long-chance as price just broke out of its previous correction.
After multiple tests of the accumulation-zone with previous high momentum it looks like price is ready to move up very soon.
Stop-Loss-Fishings indicate that retailers were long and already taken out, which is another strong evidence for a long-scenario here as big players are grabbing liquidity.
Technically we see a breakout which could attract more buyers to hop in!
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Peace and good trades
Irasor
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Nzdjpybuy
NZDJPY - Larger PerspectiveIf we view this pair from a larger perspective we will see that in reality all sellers that were lured in at the breakout have now been stopped out.
This could mean that banks have significant liquidity to make the true move to the downside.
I will be waiting on a strong pullback before getting involved in long term sells.
NZDJPY - Zone to ZoneYesterday's collapse filled some of the imbalance from the strong move up.
We are now trading around a previous order block and showing signs of rejection, could this be signs of some bullish momentum prior to NFP?
Ideally, I would like to buy here to the higher OB but I will wait for further confirmation.
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions