NZDJPY - Trend-Following Setup!

28 Eyl 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

NZDJPY is overall bullish trading inside the brown channel, and it is now approaching the lower trendline, so we will be looking for trend-following buy setups.

Moreover, the zone 78.5 - 79.5 is a strong support zone .

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and brown orange trendline. (acting as non-horizontal support)

As per my trading style:
Since NZDJPY is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich