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Nzdjpybuy

NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends, Today i am gonna buy NZDJPY. Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R. I didn't posted it on tradingview because i was not on my laptop when i took that trade. So instead i will share the buy position today. As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90. Additonally there is 200-EMA at here as well so this place is an area of confluence support. Buy NZDJPY 75.90 Stop loss 75.50 Take profit 77.20 (3.25R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
NZDJPY, daily tf, bulls in control for nowHello my friends, Another setup for next week is NZDJPY pairs. As you can see NZDJPY pretty much bullish since breaking above the 5 months flag pattern. For me, there is still further upside for this pair. The measured objective of that 5 months flag pattern was around 800-900 pips in my opinion. We could see NZDJPY continue to the upside until 76-77 area. Long/Buy positons will be in favor for now and we will only look to buy this pair. As you can see price right now consolidating inside a possible bullish continuation pattern right now. This could be a pennant / flag pattern. We will try taking a buy position at 73.35 area for our first buy position. This 73.35 area is our horizontal support and possibly flag/pennat pattern support. EMA-20 are also located near this area so pretty much it will be an area of confluences. As price continue higher and make another pattern which is favorable for bulls, we will add more positions. Buy limit NZDJPY 73.35 Stop loss 73.00 Take profit 75.65 (6.5 R) RR Ratio 1 : 6.5 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2