On the NZD.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 81.407 & 80.741
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618%...
Hi traders,
On this pair we can see a potential bearish bat pattern forming.
Entry: 83.547
Stop: 84.211
Target: 81.838 = R:RR 2.57
Good luck guys! I will be updating this chart as time progresses.
The S/R area around 82,86 has been broken by a bearish movement.
Price also broke the support trendline show where the arrow starts.
Price will likely head down about 50+ pips.
Hello everyone, we have an opportunity to SHORT this pair. I have highlighted the targets on the chart.
For any questions leave a comment or DM me.
Good Luck
The pair on the weekly shows the Chiku Span (as shown in red) which crossed its KUMO which is a big sign of bullishness.
I think the pair can correct a little bit on H4 TS and then rebound strongly.
It could reach 78.60% fib level at around 87.40.
SL at around 83.00
Trump's withdrawal unnerved investors on both sides of the Pacific. Both Japanese Yen and New Zealand Dollar saw gains as the news came out last week. However, while NZD continued its gains the rest of the week versus major counterparts, JPY started to lose momentum. This shows that NZD could fair better on the TPP discussions.
Daily Chart: The NZD/JPY pair...
On the 4HR timeframe we have a nice bearish butterfly pattern that has just formed. I'll be looking for short entries throughout the week, but expect that Monday will be a retracement, then short Tuesday-Thursday
