Hi traders, I will wait for bullish engulfing pattern on the h4 timeframe to go long after a bounce of the tredline to the upside. If this happen we go longe and take the giant swingtrade. Have a good trading week. StefanForex
nzdjpy - Buy trade taken on a weekly and daily demand zone.
NZDJPY looking to bounce here at 74.1 for a short trade, looking for 30 pips with a 15 pip stop loss. Within the chart we can see consolidation and respect in this downward channel on the 15m chart. Watch this pair closely going into the holiday. Cheers
NZDJPY is approaching our first support at 75.43 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 77.19 (horizontal swing high resistance, 50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching...
NZDJPY is approaching our first resistance at 77.45 (horizontal pullback support, 61.8% fibonacci extension , 61.8% , 38.2% fibonacci retracement ) and a strong drop might occur above this level pushing price down to our major support at 76.85 (100% fibonacci extension , 76.8% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and we...
NZDJPY is approaching its resistance at 78.14 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is has a potential to reverse down to its support at 77.70 (horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal might occur.
The Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk =...
NZDJPY is approaching our first support at 76.82 (100% Fiboancci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 77.61 (horizontal overlap resistance, 38.2% fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price...
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NZDJPY is approaching our first resistance at 77.36 (horizontal swing high resistance, 76.4% Fibonacci retracement, descending channel resistance, where a strong drop might occur below this level pushing price down to our major support at 76.83 (100% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and seeing a...
NZDJPY is approaching our first support at 76.35 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 77.21 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a...
NZDJPY is approaching our first resistance at 77.76 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 76.48 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also...
According to revesral pattern signal mixed with price action with breakout
NZDJPY is approaching our first resistance at 77.76 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 75.71 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
NZDJPY is approaching our first resistance at 77.83 (Horizontal swing high resistance, 61.8% and 50% fibonacci retracement, 100% fibonacci extension and a decreasing channel resistance) and a strong drop might occur pushing price down to our major support at 75.44 (Horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement). Stochastic...