as we can all see that nzd usd is going down so do the nzd jpy it broke a strong support level and market is back at that broken structure to retest look for bearish confirmation on lower time frame and enter short with your own money management discipline with patience is the key to success in Forex
NZDJPY broke ascending trend line and are currently awaiting for the news to get some volatility going with JPY. The volume flow can bring the price down to 76.000 area in the long run. What's your bias for this pair? Thanks
Since February, NzdJpy has had 6 attempts to stay above 79 figure and failed every time. Now the pair broke under trendline support and is trading just in horizontal support level around 78 A break here would give bears the upper hand and would expose 76 support. NzdJpy back above 79 would negate this bearish scenario
As we can see price giving us a breakout for uptrend but though though resistance is very promising so im looking for a sell and candlestick indicating the sellers taking over the bulls . so taking sliding into with a 1:12 RR. if going into this trade please move SL 4 pips up
It's a beautifull trend line. Use money management wisely
HELLO FRIENDS As i can see this pair is fail to break a strong resistance an trading inside channel First TP is an easy target as soon as it will break the channel all other TP become valid Friends if you like our ideas kindly push like and comments we appreciate that & Follow us for more updates
NZD will make correction soon. Use your money management wisely. If you have any idea, leave comment below and don't forget give me like Thank you
After breaking under trend line support, NzdJpy came and confirmed this break and started to roll back down. At this point, a lower high can be in place and a new leg down is probable Bears can target 74 in the medium term and only prices above 78 would negate this scenario
two bar reversal setup formed on 17th & 18th March daily bars. 77.60-78.00 supply zone area, if breaks then 78.60-90 high supply area. stop loss above previous high as 79.30, target 75.80 & 75.00.
Wait for retest the price... Do not too early to make decision on trading
The pair reached a strong level from the weekly realm, acting as resistance; the previous week, the market closed with a bearish pin bar, giving some confirmations for the downtrend movement to come. Now moving into the intraday domain at H1, the price has failed to form a fresh HH, looking for additional bearish confirmation to place a short entry with a...
As we can see nzdjpy moving forward as a bullish structure and we know that when bullish trend , the trend also have nature structur which is impulse , correction , continuation , reversal as we can see nzdjpy haven't higher low so here we see the clear rising wedge pattern and bearish divergence maybe can push nzdjpy to bearish (making higherlow) however we...
NZDJPY, Bullish Continuation and Price Action tells further above!
Hi Traders NZD/JPY Signal (H4 Timeframe) A high probability, entry to go LONG has formed @ 76.186 after the market found support @ 75.781. Only the downward break of 75.781 would cancel this bullish scenario. Trade details Entry: 76.186 Stop loss: 75.781 Take profit 1: 77.260 Take profit 2: 78.190 Take profit 3: 79.706 Score: 10 Strategy: Bullish Wave - LTF
For this specific pair we just corrected to the 0.618 FIB level and we expect the market to reject that level since we have a confluence of support in this strong area of demand. the environment might shift to a bullish environment in maybe an hour or two , you might want to put this pair on your watchlist. Now if you enjoyed this analysis smash that like button...
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an overextended "W" Formation and we expect a retracement at least to the 0.382 FIB level or to the neckline . Weekly : We also have an "W" formation as well and we just completed the pattern. Daily : We have a rising wedge so we expect to...
Good Day traders !! On this pair we have on the Monthly timeframe an interesting situation since we had a massive impulse that is during more than 5 months now and we expect to see some correction. By taking the Fibonacci retracement on the current impulse leg we can set three potential targets for short setups. On the weekly timeframe we have a market that is...