#NZDJPY Long Opportunity
@TradeYodha
TradeYodha.com
Analysis:
1. Market is in uptrend and in a channel
2. 50 sma on higher time frame (Daily) in the zone. That will provide support
3. The price is not yet oversold, it still has little more to go down
4. Zone has 90.00 level
Trade Execution:
1. Have 2 orders
2. First order as a limit order
3. Second order is waiting for a confirmation around 90.00
4. Target for first order is as always 1:1 R/R ratio
5. Target 2 will be higher
News/Fundamentals:
27 April: JPY Retail Sales y/y
28 April: 10:45pm NZD Trade Balance
29 April: All Day JPY Bank Holiday
29 April 1:00am NZD ANZ Business Confidence
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
@TradeYodha
TradeYodha.com
Analysis:
1. Market is in uptrend and in a channel
2. 50 sma on higher time frame (Daily) in the zone. That will provide support
3. The price is not yet oversold, it still has little more to go down
4. Zone has 90.00 level
Trade Execution:
1. Have 2 orders
2. First order as a limit order
3. Second order is waiting for a confirmation around 90.00
4. Target for first order is as always 1:1 R/R ratio
5. Target 2 will be higher
News/Fundamentals:
27 April: JPY Retail Sales y/y
28 April: 10:45pm NZD Trade Balance
29 April: All Day JPY Bank Holiday
29 April 1:00am NZD ANZ Business Confidence
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.