NZDJPY reversed off its resistance at 71.289 where it could potentially drop further to 70.307. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Looking at potential long trade on NZDJPY if the price will return back to the support and show signs of strength. Target if set below POC measured from whole recent downtrend.
Nice setup with big daily support at 69.5. Now also riding the trendline on 4H and 1H chart. Bullish action on smaller timeframes also. We went long on 70.746.
Buy around the 70.50 area (20 pips lower than where it is now) and then BUY till 71.25 for 75 pips
This pair has recently bounced off a major daily support (red zone) and has started the 4th leg of the Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. A trend line on the 1 hr chart has been breached giving our analysis and strategy validation. We...
This pair is currently trading at a major daily support (red zone) and is forming a Harmonic Bat Pattern . We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. We expect price action to complete the pattern between 70.00 - 69.900 before bouncing to the target (green zone). FX:NZDJPY
NZDJPY WEEKLY on the left, we closed last week as bullish engulfing H4 on the right, tapped off fib level + bullish engulfing candle, I expect to see a bullish move! 1. This profile is for educational purposes ONLY! 2. The setups given are my own perspective of the forex market and by no means require action! 3. Trading involves risk, past profits do not...
ENTRADA EN COMPRA - DIVERGENCIA EN MACD - FORMACION EN W - RETROCESO 61% DEL IMPULSO QUE ROMPE LA ESTRUCTURA - SOPORTE
Reverse Head & Shoulder forming on NZDJPY
The spread in bonds yields between Japan and New Zealand has narrowed, likelihood of correction is high. Going LONG with tight stop-loss and good R/R ratio. Overnight swap is positive, so we can keep position for long time and still will be making money even with miscalculated direction.
We see price action consolidating into a falling wedge pattern, which is also a reversal patter. Price is at a crucial zone because it is at a major weekly support zone and also at the bottom of the wedge. Therefore, we are predicting a reversal from this zone.
The corrective structure indicated in blue above shows that we can expect a reversal on NZDJPY at any point now. The possibility of wave 3 going lower does exist but ultimately there should be strong upside to come.
Hi traders, this is my longtime view on NZDJPY. The RSI divergence and the bullish pin bar on 4H chart give us the signal to go long with a fantastic risk reward. So be patient and hold this trade. I´m already in this trade. Have a good weekend. Your Stefan Forex