NZDJPY is approaching our first support at 73.48 (horizontal overlap support, 38.2% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 74.13 (horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price...
Pair: NZDJPY Trade: Long Time Frame: 4 Hour Strategy: Head and Shoulders Bottom (Reversal) DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.
NZDJPY market is overall in bearish bias but the market formed triple bottom on daily time frame with small tail pin bar on weekly TF from a strong support . On daily TF market printed bullish Price Action signal showing a reversal from strong Daily/Weekly Support Level (72.50-72.25). I suggest Bullish reversal upto 73.60 and 74.30. Disclaimer: Any post/comment...
Price made a exhaustion on a strong support area. I`m going long.
IF THE CURRENT MOVEMENT BREAKS OUT OF THE CURRENT RESISTENCE THIS SET-UP WILL BE A CONFIRMED HEAD & SHOULDER PARTTEN. IN THE MEANTIME KEEP AN EYE ON THE BREAK-OUT (I STAND TO BE CORRECTED THANK YOU).
I AM EXPECTING SOME REVERSAL ON THIS PAIR. SEE ONSCREEN INSTRUCTION LIKE, FOLLOW AND COMMENT FOR MORE :)
Highlighting on NZDJPY a potential long term target area for those holding a sell position from the 74.90 zone area on this market as well as a great area to look for bullish evidence and a potential move to the upside from this area. The area I am referring to is the 72.500 zone area, an area on this market that has acted as strong support multiple times in the...
According to Price Action happened into The Demand Zone we can enter Buy with a breakout the Neckline "White line"
The Breakout Opportunities system has just bought USDJPY at 114.455. The system recommends entering this trade at any price between 114.222 and 114.594. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.988, suggesting that the USDJPY may have further to rise. A stop loss has been set at the...
double top on a strong weekly region. trade at the neckline where i anticipate a move up. We are currently on a rectangle consolidation. a breakout will give the true direction This might also be a short term pullback considering the weekly trend is strongly bearish. trade with a decent risk
NZDJPY is approaching its support at 74.13 (100% Fibonacci extension x2, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 74.98 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
NZDJPY is approaching our first resistance at 74.73 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support target at 73.896 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs...
Looking to take a long position of NzdJpy once support in yellow is hit and there is a clear entry.
NZDJPY is approaching our first resistance at 74.12 (horizontal overlap resistance, 23.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, descending resistance line) where a strong reaction might occur pushing price down to our major support at 73.25 (horizontal swing low support, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching...
NZDJPY is approaching our first resistance at 74.08 (horizontal overlap resistance, 23.6%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.35 (horizontal swing low support,78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we...
NZDJPY is approaching our first resistance at 72.86 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias....