CONFLUENCE FACTORS (techanicals) - 89.250 support - with trend - 50% fibonnaci - low test (waiting for week to end) - 50 ema dynamic support - 200 ema on daily (timing entry on daily)
VIDEO: www.youtube.com Potential Cypher Pattern on the NZD/JPY 1 hour time frame. Last trade for the day, please refer to the video above. I do release daily videos to everyone whom wants to follow along and trade together. Star Prosper Philip Stewart
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I was stopped out in the previous NZDJPY trade. But moving a bit higher the trendlines to last level, it showed me this analysis. Is the right one ? I tried a new short with very tight SL (not with daily close) , at 92 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit...
#NZDJPY Long Opportunity @TradeYodha TradeYodha.com Analysis: 1. Market is in uptrend and in a channel 2. 50 sma on higher time frame (Daily) in the zone. That will provide support 3. The price is not yet oversold, it still has little more to go down 4. Zone has 90.00 level Trade Execution: 1. Have 2 orders 2. First order as a limit order 3. Second...
Geometry had to be modified from its original plotting (see it here: ). Modification pertained to a more complex 2-3 and 3-4 leg developments into deeper zig-zags. As indicated before, the 2-3 leg is typically the longest, most complex - This re-adjustment only reflects this point. There is no attempted Predictive/Forecasting Model for at the moment, so as...
D1 PRICE FAILED TO CLOSE OUTSIDE OF THE WEDGE PATTERN. FORMING A D1 PIN BAR. POSSIBLE SELL NOW. IT IS FORMING THE 5TH WAVE TO THE BOTTOM OF THE WEDGE CURRENTLY. DO NOTE THAT EVEN THOUGH D1 FAILED TO CLOSE OUTSIDE OF THE WEDGE. THE H4 HAS ACTUALLY CLOSED OUTSIDE, BARELY. PRICE MAY "RETEST" THE WEDGE AFTER THIS "BREAKOUT" BUT I AM MORE CONFIDENT ON THE D1, THUS THE...
Excellent risk/reward ratio in this short term trade setup. Currently in a consolidation/correction phase, but next swing is down. Analysis on chart, good luck!
#NZDJPY 1H short Opportunity (Cypher) 1. 4H has potential Gartley and Cypher patterns 2. The price is leading reaching 50sma on 4H which can act as support. The zone there has minor structure too and 200sma is reaching there fast 3. This can push the price little upwards to give us a small term but good Long opportunity 4. 1H shows a Cypher forming in the same...
Current Sentiment: Range Pending Technical Score (PTS) Direction with trend: +1 SnR Confluence: +1 Trendline Confluence: 0 161 Harmonic Confluence: +2 Total: 4/8 Place pending orders. I would love to hear your opinion, feel free to comment, agree or disagree....
An impressive looking bullish gartley pattern is forming on the NZD/JPY 4H chart. - A/B: Price bounced nicely off .648 - B/C: Price fell pretty quickly at around .882 Finally, it looks like D will hit the mark at around 88.00, of which coincidentally is the .786 mark. If price falls below .90, then I'm confident that the C/D leg will be completed. What are...
UPDATE : FOMC SCRAMBLED THE MARKET. TURNING TO MY EURGBP SELL TRADE NOW. SELL ON RETRACEMENT @ 50% FIB. D1 BEARISH ENGULFING SPOTTED. H4 BEARISH REJECTION PATTERN AT 61.8% FIB WITH LOWER LOW AFTER DOUBLE TOP AT 61.8% FIB. 50 SMA AND 20 SMA CONFLUENCE AT 50% FIB. NZDUSD FORMING A SIMILAR TRADE SETUP HOWEVER WITH LOWER RISK REWARD. ENTER SELL AT 50% WITH STOP...
This analyze is linked to my previous trading idea : Price is meeting a major resistance at 90.000, combined with 0,618 Fibonacci level Price already failed to cross this level once. A close above 90.000 would be a LONG continuation signal.
Clear and well defined pivotal support/resistance around 89.80-90.20. Sell when NZDJPY rallies to re-test this price zone. For a more precise entry, look to short around 90.20-30. This is the double top neckline & 61.8% FIB retracement. Short NZDJPY 90.20-30 SL 90.80 TP1 89.00 TP2 88.00 ===== www.ForexPositive.com Twitter @ForexPositive =====
I believe the price would make a strong breakout and if that happens the result would be the one i describe on my chart.
Bounce on Daily SMA200 + Divergence on Monthly ============================================= Trading rules are : 1. Trades are taken in 1, 2 or 3 units depending the situation. 2. If 90 percent of first target is reached I move stop loss to break-even. 3. If 90 percent of first target is reached without triggering entry I cancel the trade. 4. About targets :...
I'm considering placing two limit sell orders in this pair, at the 89.503 mark. I'll cover one once the first target is reached and place a buy limit at break even on the second order. The premise is that I expect to see a mild move up, before crashing down and reaching at least my 1:1 r/r target level. Invalidation level is the yellow line, yet stops are placed...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...