Mihai_Iacob

NzdJpy- Entering buy zone

Viés de alta
FX:NZDJPY   Dólar Neo-Zelandês/Iene Japonês
Since 20th August, NzdJpy is in an uptrend rising around 800 pips and also breaking above the neckline of an H&S pattern
In the last trading month, the pair has started to correct and I believe we are close to resuming the uptrend.
At this moment NzdJpy is entering a strong buy zone marked buy old horizontal supports and 50% Fibo for the last leg up
Losses from this moment are limited in my opinion and a buy trade in this zone also could have a nice R:R if we target the previous high
I'm looking to buy

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