NZDJPY Buy Setup

Hello Traders,

Strong indication that there will be big Bull wave according to price action and RSI is forming a TCP as confirmation. wait for setups on lower TF for best R/R

Good Luck

Kommentera:

After Fridays drop for the NZD, this trade Idea is now invalidated and structure is highly likely to change. We may expieirence big bearish wave on all NZD pairs including this. may post an update later..

Handel aktiv:

This pair has taken its time consolidating. I bought the break of the low with a limit order placed weeks ago. depending on how pair moves, I will determine whether or not I should keep the trade going. This is an odd formation of an ABC pattern, but if I'm even half right, I will catch many pips.
buy any trend continuation patterns that appear giving bullish signal

Kommentera:

repost of chart setup