Price break trendline and correcting.
we can put buy on break flag correction or using 2618 strategy.
previously we have doube bottom and bullish divergent.
Hey guys,
this is a Bat formation that's setting up on NZDJPY, and i'm seriously interested in join it because the yellow box represents a previous level of daily structure. Therefore i know that could be a place where we could potentially have a reaction from price action. In this case, order's set at D, stop below X, targets with Fibonacci (382 and 618 of ...
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.
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.
NZDJPY – the H4 chart shows a very strong upward trend where pair with no problems breaks through the previous highs. Currently there is a chance to buy at a slightly lower price. After a mild correction, the bulls begin to respond, creating a candle with a longer lower shadow. If the trend is to continue then the price should turn back towards the last high. ...
NZD/JPY has breached 50-DMA resistance at 80.80, bias bullish.
The pair closed above weekly 20-SMA in the previous week's trade.
We see scope for test of weekly 200-SMA at 82.20. Technical studies on weekly charts are bullish.
RSI is above 50 and biased higher while Stochs are showing rollover from oversold levels.
We notice bullish divergence on daily charts ...
Tell me what you think! The price just creossed the MA after bouncing up from the trendline, and one or two days more with upwards price action it will also cross the MA on the weekly chart. The Kiwi have been strong lately, but will it last?
A very possible move to keep an eye on.
This is a long term position and I would suggest placing your order after more confirmation is here.
If this level does not hold, then the long term bullish is canceled.
And as always risk manage properly and stay consistent!
Happy Trading!
NZD/JPY holds major trendline support, edges higher to break above 5-DMA at 78.7558.
Bullish divergence noted on RSI and Stochs raises scope for upside in the pair.
20-DMA at 79.20 is immediate resistance on the upside, break above will see further gains.
Scope then for test of 61.8% Fib retrace of 83.809 to 75.626 fall at 80.68. We see bearish invalidation only ...
The indicator shown the bearish will be ended soon.
I will be set a buy limit as below:
Buy Limit : 77.90
Stop Loss : 77.60 (30 pips risk)
Take Profit : 80.50
Great Risk To Reward Ratio
Set and forget
What do you think guys?
NZDJPY is now turning to a bullish momentum.
We're at the 61.8% fib mark and expecting reversal potentially to 79.714 (0.5 fib).
TP at each blue resis/sup line and SL 77.950.
Any questions/comments/observations please feel free to comment.
NZD/JPY has shown a decisive close above 200-DMA at 80.06 on Wednesday's trade, further upside on cards.
Price action was rejected at lows on the day, the pair has held above 5-DMA at 80.16.
The 'Bullish Cypher' pattern formed on daily charts keeps scope for upside.
Technical studies have turned bullish, Stochs have shown a rollover from oversold levels.
Weekly ...
NZDJPY
Many of the Yen pairs have found themselves at support with daily stochastics in oversold territory. We are expecting Yen weakness to kick in over the next two to three weeks, so maybe tomorrows catalyst for the Kiwi will be the quarterly Retail Sales figures due out at 23:45GMT on Sunday.
A good print here could see the Kiwi further strengthening off its ...
