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Rick_69ro

NZD/JPY DAILY - Beautiful RSI divergence favourable for LONG pos

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Rick_69ro Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Chart Patterns
6
6
chartpattern
Stochastic still needs a little bit more upside evolution to give us signal for entry LONG position. Don't hurry. Go to lower timeframe to find proper signal like a pattern or something. The price is also sitting on the daily upside trendline and based on Andrew's pitchfork, the price should go to the median line in the end. It's a matter of time. Watch it guys. The daily RSI divergence is awesome.
Comment:
This one takes time to change its trend to the upside, it's a daily chart.. Stochastic not in the position to give entry signal yet. RSI stays withi limit of 70. Keep watching it guys.
Comment:
Excellent upside burst! Next target 80.500
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