Buy from 71.80 area with Tp1 73.50, Tp2 74.50 must use m.m........ GL.....
If you're in the forex markets with me, you know that I'm always on the lookout for easy plays. This could be a trade that you should be watching. I'm seeing hella divergence on NZDJPY's RSI. We had a 440 pip decline with no real pullback. Currently, we are in no man's land, so wait to enter. But we do have a doji candle and can expect a retracement to the...
Right now the pair is below the Weakly Support point Overall the trend is in downtrend but it is on a consolidation fase. The pair might retrace around 0.5 to 0.6 fib point Before it decide it's new trend. I will go long around 72.400 I will go for a short position if it cross 71.390 >>Take profit point if it goes long is around 0.5 to 0.6 fib point >> Take...
Looking to enter NZD/JPY longs when price entered a region of support at 72.440. Looking for a target take profit at the top of the downtrend channel. High risk trade due to the underlying downtrend, but rather good Risk to Rewards trade.
Disclaimer - I could be wrong/Trade at your own risk...
NZDJPY continuous downtrend. -> SELL
The pair moved as predicted and completed the 4th leg of the shark pattern therefore we closed our positions in the PlutusX MAM with profit. Our current strategy on this pair is to buy it again as it retraces back to the yellow support zone. FX:NZDJPY
Strong buy pattern for the pair has already been formed on the daily chart. don't miss out on this opportunity. FX:NZDJPY
heavy selling in NZD pairs of late with speculation concerning interest rate cuts (notably RBA) looking for a swift squeeze as NZD feels oversold given the recent selling relates predominately to AUD pairs