FX:NZDJPY : long opportunity, wait for resistance line to cross.
Hi guys, i've already predicted this rally on this pair a while ago. Now i'm assuming price will continue in the upward direction till it will reach a major structure level. However, with such a trending market it's difficult to get a decent retracement in order to hop on the trend. That's why i'm using this kind of simple pattern formation (flags, triangles,...
Hi guys, i've already predicted this rally on this pair a while ago. Now i'm assuming price will continue in the upward direction till it will reach a major structure level. However, with such a trending market it's difficult to get a decent retracement in order to hop on the trend. That's why i'm using this kind of simple pattern formation (flags, triangles,...
A sharp pole with a consolidation pattern. This resembles me more like a flag structure. If it breaks we it may create new highs.
On the daily time frame NzdJpy has broken out of the upper range. This provides us a nice buying opportunity. When looking at the Stoch Rsi indicator it shows that there is a lot of buying pressure and the Adx indicator shows that there's a strong bullish trend. Take Profit: 79.16 the 1st resistance area. Might hold for futher. Stop loss: 76.70
Hey guys, i do not usually use trendlines in my analysis but sometimes they are useful in order to catch the early stage of a reversal, along with usual structure. The black line represents a strong daily structure that rejected price action as soon as it touched it. Therefore i'm assuming this could be a key point for a big reversal. Now, in this cases i wait for...
Hey guys, i do not usually use trendlines in my analysis but sometimes they are useful in order to catch the early stage of a reversal, along with usual structure. The black line represents a strong daily structure that rejected price action as soon as it touched it. Therefore i'm assuming this could be a key point for a big reversal. Now, in this cases i wait for...
Folks wait for a flag then buy.It may shoot without one but you should always wait for a flag.GL
Here is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.
We see this pair moving upwards to 82.00 very soon.
nzdjpy weekly analyis pin bar on resistance level
Broke the trend line on Friday and closed below the weekly trend line Happy Trading :)
See the candles closed above 26 EMA. This could be a clear breakout and buying this pair at this moment can bring a profit. Trend indicators have already waved the signal that this pair can pullback to 74.725 level. In am in this trade.
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE. WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE. STOPS LOSS AT THE 75.871 LEVEL. FIRST PROFIT TARGET IS 72.216. SECOND PROFIT TARGET IS 67.980.
Short this here 75.86 TP 73.73 SL 76.10 pending buy limit 73.73