Hi there, NZDJPY setting for sell. My sell stop 78.98 Hourly TG 78. Daily TG 77 and 75. If NZDJPY print a new hourly HH, then this idea is negated.
#NZDJPY has went up from the support confluence Just as I predicted in my previous analysis And is now retesting the strong horizontal resistance From where I am expecting a pullback To retest the rising support Sell!
wait untill it break through den after retest take an entry
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NZDJPY Short Setup ABC flat correction with a 3-5-3 move Elliot Wave Count:
Bearish Engulf candle formed. The market will further from here.
Most of the market will expect a huge sell off due to portfolio rebalancing at the end of the month, however, I feel like more upisde is necessary before sells.
NZDJPY short on 1h - Valid Breakout of H&S or trap? Have in mind it is Friday ...!
NZDJPY is approaching key pivot resistance at 79.212. As the price of NZDJPY is approaching this resistance from an overextended move without proper correction, I expect this test to fail and a higher correction to be seen. Short the resistance. Good luck!
... with tight (~25 pip) Stops.
I think NZD could come into my sl rape zone and take out sellers from the banchod market. Good luck traders!
The team got in with me below the so-called 'support' last week, this pair is now pushing for new highs after liquidating the stop losses below the region.
Prices are facing bearish pressure from our resistance and descending trend line where we could see a further drop below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well in line with our bearish bias.
This should be good for a ~300 pip SHORT here but be careful as this is a strong counter-trend move. The Weekly;