D1 - Strong bullish momentum.
Higher highs.
No opposite signs.
H4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
A bullish opportunity recently presented itself on the kiwi-yen trading chart (My profit target was triggered when I took the other side of the trade {sell/short/bearish} in the recent past). This follows from the bullish harami candlestick pattern which printed on the 82.112 support level but closed above the same level, indicating a false breakout (fakeout) of...
Price has reached the lower resistance of the Channel that the currency pair had been trading inside since roughly March 2020. At this point there are 2 scenarios possible . Scenario 1 ( marked with yellow) : price crosses the Resistance Zone 77.914 , comes back and tests it before going all the way up till 79.386! Scenario 2 ( Marked with red) : Price...
NZDJPY BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (74.423)
Take-Profit 1: (74.737)
Take-Profit 2: (75.045)
Stop-Loss: (74.101)
Max Risk-Reward: (1.96)
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