All jpy pairs are showing bullish signs. But I will stay out of major jpy pairs due to recent unexpected moves on majors. This setup looks promising. Im already in.
WAITING FOR RETRACE TO ENTER!!! 200+ PIPS after retrace...Good Luck!!! KEEP THE RADARS UP!!!
A bullish gartley pattern is about to be completed with it D point at key level. A bullish divergence with MACD is showing that this down move is losing steam. Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss to breakeven at second position/ Key Zone: Likes and comments are welcomed..
The FX:NZDJPY pair, in the monthly or weekly time frame, you can see that price is forming a possible head and shoulders. The pattern will completed after a breakdown and close below the neck of the pattern (74.00). The trading plan, will be to wait the break and close below the neck, then see a pullback to the same level, and in the level see a reversal A+...
This is something new that I am trying. Each day I will try to find an excellent risk reward opportunity trade and put it out for everyone. This is definitely one of those potential trades. NZD/JPY has a fib inversion trade setting up with a phenomenal risk reward. You got 3:1 on target #1 and 4:1 on target #2. Entries at 76.69's with stops above the structure on...
Downtrends on monthly, weekly, and daily frames and price attacking key level at 75. Lots of downside movement possible. Expect either price to consolidate below 75 for a short OR price to retrace to 1H 200EMA for a short. Either way it's a Tier 3 short because trends are aligned.
NZD/JPY on track for a second week of losses, as Yen appreciation continues unabated, markets ignore verbal intervention efforts by BoJ authorities. Chatter regarding BOJ intervention, in a bid to halt the yen appreciation, has started doing the rounds again. The pair saw upticks to 75.89, but the pair has edged lower to currently trade at 75.16. 5-DMA is...
Very nice bat pattern on the NZDJPY pair hourly. Look to enter the trade at 76.377. SL at 75.720. Profit targets set at Fibonacci levels.
Description is on the chart.