Hello guy's what you say about NZDJPY Pair ? in my view .. From the analysis provided, it's evident that a break of structure followed by the formation of an inducement has occurred. The current rejection from moving below previous lows indicates the potential formation of a demand zone. This observation aligns with the prevailing four-hour trend, suggesting a continuation of upward momentum.
The anticipation of a rejection from this zone underscores the importance of recognizing key support levels in trading decisions. By aligning your strategy with the four-hour trend, you're positioning yourself for potential opportunities for profit, aiming for a breakthrough of previous highs.
You're agree or not with this idea but comment your thoughts please thanks for support.
Trade active
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📈 NZDJPY Update: Halfway to Target!** Here's the latest on the NZDJPY buy position:
We've made significant progress towards our target buy position at 90.900, with the market reaching halfway at 91.600. However, it retraced back to 91.00 for a retest before potentially continuing its upward momentum towards the main target at 92.400.
This movement demonstrates the resilience of the buy position and highlights the importance of staying vigilant in monitoring the market for potential opportunities.
Stay tuned for further updates as we track the NZDJPY's progress towards our buy target!
@TheFxAce, thank you so much stay connected with us for more informative analysis thanks again for supporting..
FXCM
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Nice analysis! I like how the buy zone is based on multiple bounces off that level. I suspect the demand zone might align with a rising trendline, which could suggest some bullish momentum too. Let's see how the price reacts to the level in the coming market sessions.
MrCharlie1
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@FXCM, now what you think please share your ideas then i will share my ideas with you dear..
MrCharlie1
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📈 NZDJPY Update: Halfway to Target! Here's the latest on the NZDJPY buy position:
We've made significant progress towards our target buy position at 90.900, with the market reaching halfway at 91.600. However, it retraced back to 91.00 for a retest before potentially continuing its upward momentum towards the main target at 92.400.
This movement demonstrates the resilience of the buy position and highlights the importance of staying vigilant in monitoring the market for potential opportunities.
Stay tuned for further updates as we track the NZDJPY's progress towards our buy target!