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mominmechan

NZDJPY - Bullish Trend Continuation

Long
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
mominmechan  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns
2
0
trendanalysis chartpattern harmonicpatterns
NZDJPY - A potential continuation of bullish trend on the hourly time frame is indicated by a bullish flag pattern. No bearish divergence on the RSI also supports the idea that trend will continue. Trade can be taken at the current price with stop loss placed at the previous Higher Low, TP1 at 1:1 Risk Reward and TP2 can be set at the Bullish Flag projection.
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