FX:NZDJPY   New Zealand Dollar/Japanese Yen
NZDJPY             Completed the bearish bat in the supply zone area.
Entry @ 82.114
Stops above the zone ( added few pips, I may adjust a little bit later)
1) Take profit 1 = 38.2%
2) Take profit 2 = 61.8%
The X point is kinda tricky here.. it didn't break structure.. but there's definitely some potential for this trade. The pair is struggling with structure resistance now. The breakout below the 50 SMA line can be good indication that the price is heading lower towards targets.
+1 Reply
morshedul.sazid themarketzone
Totally, Agreed. Especially this type of legs are scary :) But lets hope for the best :)
IvanLabrie PRO morshedul.sazid
I'm in this short, bored out of my own mind...As long as SL not taken it's valid, just incredibly boring.
I'm a bit concerned with the time at mode signals in gbpjpy and nzdjpy, as well as the Nikkei.
The downtrend signal that triggered the massive selloff has expired. This short would be merely a bounce, since it appears that the Yen is in a non directional state, after the shock. I don't expect a large trending move, in fact, my tp is similar to the pattern's target (see my NZDJPY publication).

What's your take on the Nikkei and GBPJPY gents?
Did you see my currencies valued in gold analysis? (see the comment section please)
Let me know, I'd be interested to know what you think.
+1 Reply
I am pretty much not confident about this trade, feeling not good at the moment for the leg reason, I will still take it.
About NKY,I have PM -ed you and here is GBPJPY- I am preparing for a downtrend for sometime when it reaches the zone.
morshedul.sazid morshedul.sazid
morshedul.sazid morshedul.sazid
IvanLabrie PRO morshedul.sazid
Yes, I was looking at something like this in GBPJPY. I'll post my analysis right away. There's a potential short term long with tight r/r.
+1 Reply
I will be looking forward to it.
+1 Reply
themarketzone PRO morshedul.sazid
All JPY pairs are stuck because of USDJPY.
I still see upside potential in $USDJPY that is why I'm cautious about shorting Yen pairs
+2 Reply
IvanLabrie PRO themarketzone
Indeed, I'm short nzdjpy and usdjpy. Long eurusd, and usdchf.
Over exposure to that intermarket scenario.
Let me know what you think here, and check out Tim West's Nikkei please.

GBPJPY: Potential breakout trade / Time at Mode signal
it's amazing i set the trade at 81.64
+1 Reply
Please Place breakeven and wait for the price to sway down.
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