Hello traders!
Here are my thoughts on NZD/JPY.
As you can see on the weekly chart, price has been strongly bullish since the 2nd of November 2020. Since that price has been creating highs with almost zero drawdowns.
On the daily, we can clearly see that price broke above resistance zone, re-tested that level and is about to go up again.
Here on the 4h I want to show you a huge rejection of sellers confirming this trade for me.
🎯Confluence:
1) Strong uptrend
2) Price is above 50MA
3) Break and retest
4) Macd confirmation
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Here are my thoughts on NZD/JPY.
As you can see on the weekly chart, price has been strongly bullish since the 2nd of November 2020. Since that price has been creating highs with almost zero drawdowns.
On the daily, we can clearly see that price broke above resistance zone, re-tested that level and is about to go up again.
Here on the 4h I want to show you a huge rejection of sellers confirming this trade for me.
🎯Confluence:
1) Strong uptrend
2) Price is above 50MA
3) Break and retest
4) Macd confirmation
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
