NZDJPY potential buying opportunity, the weekly chart shows an impulse - correction pattern, after every impulse & correction next impulse is formed.
Things to consider: 1. Strong weekly impulse followed by short term correction 2. Correction wave retraced 0.382 Fibonacci level and rejected 2 times 3. Price is moving up from strong weekly support 4. COT data:- NZD - 1k ⬇️ JPY - 61k ⬇️ (overall price will go up since JPY is much weaker than NZD)
How to enter: 1. Study the chart provided 2. Locate all the important prices 3. Tommorow when market is open find best entry on 4hr timeframe 4. Stay tuned for sniper entry on Monday