NZD/JPY LONG

NZD/JPY Long Idea.

- Firstly there is a symmetrical triangle formation beginning to form

- Secondly the purple shaded area is a significant monthly support as well as being a previously strong resistance zone

- To look for a price to take profit the 0.5 Fib level (69.862) is a very realistic area to target

However if there are signs of continuing momentum through the 0.5 level a secondary TP would be the 0.382 Fib Level (70.678)

Before any positions are taken I will be waiting for a candle to close outside the triangle formation.

*very new trader and any comments are more than welcome*