NZD/JPY has formed an S/H/S-Pattern and could break above the Neck-Zone very soon.
If we see a break above we see a confirmed trendchange with the previous break out of the Trendchannel.
I`m watching this pair carefully as JPY-Weeakness seems to continue.
Pre-conditions for long-trade would be overall a risk-on-sentiment in the...
Like I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg.
After that, thir pair continue to move upside seems like breaking the...
GNZDPY is at the top of corrective ascending channel right now. It reach this area impulsively. The price already got a little rejected right now. I will wait for this rejection to go a little further. After that,if i get a bearish continuation pattern to confirm the move to the downside, i will happily take short trade at the break of the continuation pattern as...
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
Target 1: 68,895
Target 2: 68,690
Target 3: 68,490
Stop-Loss: 27 pips
Risk: 0,5% - 1%
After peaking the September month high around 72.00 which is a key psychological level its felled towards 68.640 which is a low volume area and find some buyers and making series of Higher high higher low patterns.
From Sep-09 to Sep-18 it was trading in a range and felled below the range. I have marked some levels are acting as accumulation and...
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
Target 1: 71,600
Target 2: 71,900
Target 3: 72,400
Stop-Loss: 50 pips
Risk: 0,5% - 1%
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...
With price action trading within an ascending channel and managing to break through a meaningful level, we could expect a pullback to trigger a sell order as price should continue its bearish momentum towards the channel's support line.
S/L: 10 pips - R:R | 1:2 -
T/P: ascending trendline
*** If you like the idea, don't be shy,...
This pair's price action is forming an H&S pattern at the H4 intraday timeframe. From a broader look in the weekly realm, it closed last week at the same level of a previous high (for another double-top) and with a precise bearish pin bar for a clear reading on the force form a downward movement ahead.
However, it has kept into consolidation trough out this week,...