NZDJPY is approaching our first resistance at 76.66 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 74.98 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might...
NZDJPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal may occur.
NZDJPY is approaching our first support at 75.114 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 75.67 (50% fiboancci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price....
this is a nice set up and a bumoer reward to risk ration
SEE SCREEN FOR SIMPLE INSTRUCTIONS. ONLY JOIN IN ONCE THE BREAK OCCURS See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Good example of the triangle theory thanks to UJ seasonality. The theory says that a triangle will exit into the same direction as it came in. In this example the price came in from the south into direction north so it will exit north and validate the triangle. It's breaking out north while I am typing this.
HELLO, NZDJPY IS EXPECTED TO RISE BEFORE IT DROPS AGAIN. MUST USE STOP LOSS.
NZDJPY is approaching its resistance at 74.53 (Horizontal pullback resistance, 23.6% Fibonacci retracement) where it could potentially drop to its support at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement). RSI (21) is approaching its resistance where a corresponding bounce could occur.
Range resistance is broken and I expect to see pull back to the (new) support level and then long for the new bullish leg. If I got SL, I'll be looking to take another buy around 72.20. NZDJPY BUY LIMIT 74.40 SL 73.90 TP 75.00 TP2 75.50 TP3 77.70 www.trade-insider.com
NZDJPY is approaching our first support at 74.49 (horizontal swing low resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 75.20 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see...
NZDJPY is approaching our first resistance at 72.32 (horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.80 (horizontal swing low support, 50% fibonacci retracement). RSI (89) is also approaching our resistance and we might see a corresponding drop in price should...
Good trade here for a KIWI bounce! ~ Happy Trading!
FX:NZDJPY Bullish shark being as target 38.2% fibonacci
We have seen this pair rally off this Major Support a number of times now. The Kiwi showed great strength in November where it had its strongest rally of the year. Now that we are a approaching these levels where the rally started we can expect strong demand and high volatility.
NZDJPY is approaching our first support at 72.29 (Horizontal swing low support, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 73.79 (61.8% Fiboancci extension, 23.6% fiboancci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price...