NZDJPY LONG - Buy Entry - H4 Chart
Symbol: NZDJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 79.650
Take Profit: 81.957
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🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
Since 20th August, NzdJpy is in an uptrend rising around 800 pips and also breaking above the neckline of an H&S pattern
In the last trading month, the pair has started to correct and I believe we are close to resuming the uptrend.
At this moment NzdJpy is entering a strong buy zone marked buy old horizontal supports and 50% Fibo for the last leg up
Losses from...
NZDJPY has been one of the strongest currencies for the last several days, while the JPY has been one of the weakest. This may change come with BoJ news on Monday. Rates may stay the same, but just be aware.
Price made a HH, and with a RTI (return to impulse) expected, we can short to the expected HL. There, we can take the more significant swing trade for a...
NZDJPY has respected the resistance level of 77.921 and moving back to our support on 76.400
Reason for trade : A Doji has formed on the 4 hour time frame and also respected the level which gives me the confirmation for a down trend
tp: 76.400
sl:78.130
Use proper risk management when trading
I always use risk ratio of 3:1 win 3 and loss 1
Remember...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
