Shown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left...
Hello Friends, If your observation is very good, then you already understand ZDJPY price behave. its acting same way what it did before. For me its a very good buying opportunity. risk/reward also good. Question is .....................what types of traders you want to be? 1. painful trader or 2. Joyful trader choice is yours if anyone has an...
NZDJPY is approaching our first resistance at 74.08 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% 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). Stochastic (89,5,3) is also approaching our major resistance where we might see a corresponding...
NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% 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). Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a...
NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% 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). Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a...
NZDJPY is approaching our first resistance at 74.13 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.40 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop...
NZDJPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur.
Buy above 72.68. Stop loss at 71.76. Take profit at 74.95. Reason for the trading strategy (technically): NZDJPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback...
Price is approaching our first resistance at 75.19 (horizontal overlap resistance, 23.6% Fibonacci retracement) where price might drop to its support at 74.66 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing a...
Hey, guys. A potential bat pattern is setting up on FX:NZDJPY 4h.
NZDJPY is testing its support at 75.24 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 76.21 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 3.8% where a corresponding bounce could occur.
Shark into a bullish 5-0, or a Gartley? We'll find out.
Bullish Black Swan at 75.16 Stop Below 75.00
Very strong volume on 4hr chart for NZDJPY. I would like to go long from 76.06 for 25pip target. RR of 1, I would keep 25pip as SL. Good Luck. Follow me on twitter / tradingview for more trade ideas. I'll be publishing swing trades and day trades regularly. As usual don't trade +/- 5 min from the red news for the pair
NZD/JPY started its downtrend rally in the mid of 2016. It made a strong reversal pattern of round bottom formation, but was not able to make a bullish crossover above the resistance of 83.741. Then it tried to make a trend reversal by forming an inverse head and shoulder pattern. Still, it was not able to make a bullish crossover. Two strong bullish reversal...
Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ). Stochastic (55,5,3) is also reacting off resistance...
NZDJPY is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension). Stochastic (55,5,3) is approaching resistance we might see...