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anilmangal
Oct 21, 2016 9:18 AM

NZDJPY Triangle  

New Zealand Dollar/Japanese YenFXCM

Description

Hi Guys NZDJPY is in a triangular pattern , if this proves to be valid then there is a big impulse to the up side on the break of the triangle. Short term trade within the triangle is also possible .

Trade with care
Thank you for your support.
Comments
GamingZone
im thinking that we can start sell now as it is already touch the line 20 EMA. Now the market at 74.560 but i am looking to sell after it reach 74.434 (my 161.8 fibo). Did u think it is a wise decision or not? Please advice :')
Doublebullchuck
Thank you Anil. Saw your weekly video first time. Very good! Chose to short this at 75.0 ABCDE structure with short stop.
Now trade is below lower trend line of 10/16 10/21 and 10/24 which is now resistance. Appears to be headed lower.
Moved stop to 74.70. Nice analysis.
AlanTradesFX
Any updates on this pair Anil? Thanks.
Jordan_lawrence
Check webinar
AdnanKhan
wow
mlbo
great forcast but i unfortunatly did not get an entry. all too quick for me or no good r:r ratio for my entry rules.

anil, what you think to happen now at the given level? think you did not cover ths pair in the last webinar?

thanks by the way for the webinars! love them.
Jordan_lawrence
Well we got the impulse
vickylasky
Interesting Anil, i am short on this pair and hoping it hits my TP at 73.668
but perhaps i'll have to wait for few days more. thanks for posting.
AlexJaensson1
Nice! I am short on this paring until my T/P hopefully hits at 73.65.. Should I lower my T/P, or keep it where it is? I'm not sure how confident I should be that price will fall all the way to the triangular support level..
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