LONG ON NZD/JPY

Price has been on a nice uptrend, it has also been respecting the 38.2 Fibonacci level

Price is now at an apex point (trendline meets support line) I expect price to continue going up after another bounce off the Fibonacci level.

Here is the play I will be taking on this pair:

PAIR = NZDJPY
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 77.806
STOP LOSS = 75.802 - 200 PIPS
TAKE PROFIT = 81.504 - 369 PIPS