Signal_Centre

NZDJPY - Approaching 61.8% Fibonacci retracement level

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
DAY TRADE - EXPIRES AT 9PM

Trade Idea

A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 72.25.
Positive overnight flows lead to an expectation of a firm open this morning.
Dips continue to attract buyers.
Further upside is expected although we prefer to set longs at our bespoke support levels at 72.25, resulting in improved risk/reward.

We look to Buy at 72.25
Stop: 71.95
Trget 1: 73.15
Target 2: 73.55

Comments