Roker1
Long

Flag Pattern on NZDJPY

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Hi guys,
i've already predicted this rally on this pair a while ago. Now i'm assuming price will continue in the upward direction till it will reach a major structure level. However, with such a trending market it's difficult to get a decent retracement in order to hop on the trend. That's why i'm using this kind of simple pattern formation (flags, triangles, wedges ) to have my entry here.
As you can see price is now having a brief period of consolidation, but since the previous move was so bullish i'm expecting a similar move again.
With a break and close above trendline you can use two type of entries.
1- Wait for a candle close above and then enter at market
2- Wait for a candle close above and a little pullback in order to get a better risk to reward ratio
Sometimes you can also use a buy stop order.
It all depens on your style of trading.
I'll keep you updated.

If you want to ask questions or make remarks, feel free to comment below.
Otherwise, see you in the next chart!
Comment: Nice rally, we can wait for a pullback and then look for buying setups down here:
snapshot
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out