A bearish bat pattern seem to be completing. RSI is on its way to overbought level. The PRZ is at weekly resistance level, which might have more potential of a reversal if price hits PRZ. R:R at 1.1 (TP1 : 38.2% retracement of AD) and 1.9 (TP2 : 61.8% retracement of AD). Traders do take note : I am looking at the daily chart, SL and TP is much wider, position...
Either way, I should theoretically profit. I think upside though, but I have a sell order in case.
Long term bullish chart, Entry above 20&50SMA on hourly chart, stop loss below 50SMA and support on hourly.
Hi guys, the NZD is extremely over extended at the moment (see the linked post). All NZD pairs should correct soon. I like the NZDJPY. The pair is forming a double top (at least I think so). I know the NZD won't go much higher from here, so the NZDJPY should find resistance soon. I am short @ 82.84. My stop and target are marked on the chart. NOTE: this trade...
PRZ D forming near Trendline Support.....With Perfect ABCD Pattern
Entry on pullback with expectations of bullish trend continuation past 82.8 to gap to retest 83.5 on 4hr chart.
Another Pumb and Run reversal top formation, look how massive is the break out after the retest
Hey guys, this is a very basic concept of a structure trade. As you can see above on NZDJPY price just came out from a consolidation period and put new structure highs. At this moment i know my bias would be long; but i can't enter a trade long on the top of the movement, i should wait for price to give me a better entry in order to catch the upward move. My...
As you can see in the chart there's a bullish pennant that formed outside of the downward channel on the bigger timeframe. I have entered long with these parameters: SL: 80.2 TP: 89.5
The NZD.JPY is one currency pair on the watchlist for Sunday market open. Once my entry criteria has been met we will set a pending order and await a clear break. Have a great week :-)
Hello everyone, we have a potential pattern on this pair. I have highlighted the targets on the chart. If the price does not finish the D leg I will not execute this trade. For any questions leave a comment or DM me. Good Luck
Channel breakout at play here. As you can see price broke out from the bigger downward channel in the weekly timeframe. and in H4 it has broken out of the smaller upward channel. SL: 80.2 TP: 89.5
The price breaked the sideways channel. I see a big impulse 0-1 leg retesting the old resistance from 82.000 with a extension of 61.8% of 0-1 leg. The price may retest 83.50 following making a new high. In order to see a bullish 2-3 leg, the price will have to break the upper red descending line.
Hello everyone, here we have another sell setup on the nzdjpy. The harmonic pattern is in very preliminary stages however due to the presence of a divergence i am expecting short term bullish momentum. Based on the AB leg , the pattern at our disposal might be a bat pattern which i am looking to sell. However again, we do need a trend continuation pattern before...