As you can see NZD/JPY recently broke above the consolidation/Ranging level. and has RETESTED it. Now we need to see if this was a fake breakout or it will actually continue in Buy. if it comes back in the consolidation range then it was a fake breakout BUT if it breaks above the previous structure at around 71.950 then it should continue going up till next...
I will go long on NZDJPY because it just bounced on the support zone. It is safe now to go long on NZDJPY. This is the best time to buy NZDJPY for next week bullish move. I think it will go up next week. Trade At Your Own Risk ;)
The counter is currently formed a flat ABC corrective wave. It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum. Hence, we expect the pair to be bearish in the near-term.
Another breakout, waiting for retest before selling
I believe this will take a big fall, price appears to be heading towards its previous high and is moving away from my key level I am going to wait until price breaks this support zone and the trend line before selling
As we can see from the chart, price has broken through support and is now consolidating above another level of support It did this previously and then dropped to the next support level I expect the same thing to happen here, just waiting for confirmation before we take the sell
From what I can see price is heading for its resistance zone before dropping again, once it reaches this area I will be looking for longer sells
Price is consolidating in the support area.. wait for breakout and price to close below support then sell to target area
Wait for price to close below the red line and sell to the target area
Wait for confirmation and price to break through support before putting in a sell to the green area
As we can see price closed below support so we are in a sell and looking to TP somewhere near the green area
The counter has been declining steadily ever since it hit the high of 71.663. However, it has now found support the levels of 68.226 amid testing it twice. It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal. Further, it has crossed the bearish trendline with a strong bullish candle. Hence, we expect the pair to...
OANDA:NZDJPY has been consolidating on the daily lows which right now the price is making new daily highs. SL: 65.407 TP1: 68.129 TP2: 69.900
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NZDJPY reversed off its resistance at 67.025 where it could potentially drop further to 65.734. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY reversed off its resistance at 67.025 where it could potentially drop further to 65.739. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.