NZDJPY Long bias, pending trade

31 Mei 2014

Here is one i'll be hitting once the market opens. Given that the market looks like this i would like to go long here once we open come monday. The reason is that price appears to respect previous levels A and B, while it broke down a bit there was no close below the pinbar B. With double pinbar/insidebar at C and a potential rr over 1:3 it looks like another good long trade in the making.