nzdjpybreakout

Opened A Sell Trade On This NZDJPY Pair On The Basis Of Trend Continuation. Follow Trade? SL at 78:55 Levels

NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (89) has made a similar bullish exit signaling a change in ...

NZDJPY is approaching major support at 76.08 (Fibonacci extension, horizontal swing low support, Elliott wave structure) and a potential bounce could occur at this level to drive price up to 77.66 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is seeing major support at 1.7% where a corresponding bounce ...

NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could ...

NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could ...

NZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal ...

NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple bullish exits signaling that bullish momentum is still ...

NZDJPY remains in a strong ascending support channel stretching back to the beginning of December 2017. Our first major support is at 80.26 (Fibonacci retracement, horizontal overlap support, channel support) and a bounce could occur at this level to push price up towards 81.25 resistance (Fibonacci extension, horizontal swing high resistance). RSI (55) sees ...

Bearish Flag !! We sell this pair for 100 PIPS Let's Watch !!

Short around 78.12-77.90 for a target to 77.15, stop at 78.47

Bearish Flag .. Sell on break ... Let's Watch !!

sellll

Short around 81.46-73 for 80.87 & 80.02 target, stop above 82.27

A very possible move to keep an eye on. This is a long term position and I would suggest placing your order after more confirmation is here. If this level does not hold, then the long term bullish is canceled. And as always risk manage properly and stay consistent! Happy Trading!

NZDJPY

daily chart

FX:NZDJPY : long opportunity, wait for resistance line to cross.

A sharp pole with a consolidation pattern. This resembles me more like a flag structure. If it breaks we it may create new highs.