ChaosTrader63
Short

EUR vs NZD Rejecting the Kijun

FX:EURNZD   Euro Fx/New Zealand Dollar
I know that most traders will not understand what I am talking about when I say rejecting the Kijun but you can go to visit my youtube channel and learn what each component of the Ichimoku system is or click here to watch this analysis:

https://www.youtube.com/watch?v=L13MeRigX8M&feature=youtu.be.

Now for you traders that do understand! If you start off looking at the daily time frame you would see that price was in a range since about early January of this year. Two days ago price broke out of the range but currently appears to be correcting itself. What we are expecting is that price corrects and then rejects the range support turned resistance level which sits about 1.65287. This brings us to the H4 time frame where we see price has corrected and is now rejecting Kijun which is the blue line and is a support and resistance level within the Ichimoku system, Thing about this pair is that it is spiky which I do not like. Also if price moves higher than the rejection candle high then all bets are off and we would move to our next level at the daily bear fractal sitting at about 1.67176 area. Ok it's about 4 am and something woke me up to put this setup online so back to bed. Have a great trading day and God bless!

ChaosTrader63 Managing Director & Trading Coach
www.fxatoneglance.com - Look At The Financial World With A New Glance
Youtube: https://goo.gl/bbWE4L
Twitter: @ChaosTrader63
okrim
9 months ago
Very nice setup, like from a textbook! Thanks, you always the best!
Reply
chimpsky PRO
9 months ago
nice eye Chaos
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