Possible Long Entry NZD/JPY 22/12/2019
1) Possible continuation of upward trend in the short term if the candles close above MA (9).
2) Possible continuation of the price between bullish channel.
3) Testing of the 78.6% level of Fibonacci is expected.
4) Stochastic in overbought zone, but with options to continue in this region due to possible upward crossing of signals.
Setup:
Entry= 71.760
SL= 70.594
TP= 73.245
2) Possible continuation of the price between bullish channel.
3) Testing of the 78.6% level of Fibonacci is expected.
4) Stochastic in overbought zone, but with options to continue in this region due to possible upward crossing of signals.
Setup:
Entry= 71.760
SL= 70.594
TP= 73.245