Shown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left...
we aslo belive this chart we have sell to weekly support check this out always be open to contact with me
i short nzdjpy because i see he try to pass the resistance at 81.30 for many time and fail he is much overbough Nzd outperfome all major currencies because of oil,copper and other commodities up i think he need to take a breath and that commodities will take a breath too Also all stock are so high and if they start to correct because of much are very overbought...
Price is currently sitting within a strong Resistance zone and has already retested 4H Resistance twice after breaking away from previous Bearish trend. I expect price to resume it's Bullish move once it breaks out of the Resistance zones (+4H). A Higher high and higher low is expected to confirm the trend. Entry Point @ 79.253
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Daily Candle Closes Bearish, SOLD @79.100. NEW resistance, Previous Support @ fair price levels
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Tomorrow night sees the RBNZ Rate and Policy Statements, which could potentially reverse NZDJPY's fortunes... or not. Counter-trend trade setup just in case
Hello Traders, Price is rising correctively, watch for another down move into the bottom trendline. Sell as much higher as you can. Good luck! Cheers, Jonas