Currency Pair: NZD.JPY Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long
Live NZD.JPY updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
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Ascending trendline breakout now confirmed, awaiting pullback to provide a potential long opportunity.
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Unfortunately a pullback didn't occur so no trade for me, if you are currently long i would expect some minor resistance looking at the Daily structure.
@ERFANZN, Thanks very much, appreciate the message :-)
yitiancai
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excellent
UnknownUnicorn180388
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@yitiancai, Thanks very much :-) appreciate the message.
bludolphin
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Hi Tom Just wondering; does the fact that it retraced back higher than the 38.2 to maybe 50 or 62 not make the rejection of this higher level a stronger signal that it will go back to 38.2 and bounce off it long? I hope that this is not confusing and you will be able to respond. Thanks T. Ludolph