TradingView
DuKe_QC
Dec 25, 2017 5:03 PM
Short NZDJPY
Short
FX:NZDJPY
240
New Zealand Dollar/Japanese Yen
FXCM
Description
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Dec 25, 2017 5:03 PM
Strong resistance area, stochastics reversal in OB territory, could retest 50 MA on daily.
Support and Resistance
Comments
KeTrader
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Dec 25, 2017 5:56 PM
The stochastic is showing a definite dip is coming... I only believe it won't be deep it will bounce back on the MA line (just a hunch) based on the weekly chart. Here are links to for comparative analysis... I maybe wrong though on this one
NZDJPY 4 HR
dropbox.com/s/h07ycdtresv2d2p/NZDJPYH4.png?dl=0
NZDJPY WEEKLY
dropbox.com/s/1n6a50yvikwtppc/NZDJPYWeekly.png?dl=0
DuKe_QC
⋅
Dec 25, 2017 6:02 PM
@KeTrader
, It could definitely bounce on the 4h 50MA. The tp on this analysis is set on the daily 50 sma. Thanks for sharing your thoughts !
More
NZDJPY 4 HR
dropbox.com/s/h07ycdtresv2d2p/NZDJPYH4.png?dl=0
NZDJPY WEEKLY
dropbox.com/s/1n6a50yvikwtppc/NZDJPYWeekly.png?dl=0