NZDJPY is forming and trading inside the Ascending Triangle; If it breaks bullish from the trend support we can earn 3% profit from the entry point. Stop Loss : 0.80% from the entry point.
The outlined white arrow pathway is the predicted pathway that the NZDJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDJPY will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
OANDA:NZDJPY BUY BUY FROM 68.361 SL-67.566 TP-70.507
NzdJpy Daily timeframe - I see a pending pullback for this pair into the daily demand area for potential longs in the near term.
We are in the phase of formation of THE 5TH WAFE OF Wolfe Wave, which happen to be AB=CD (harmony pattern). Wait for the breaking down signal !
As we see NZDJPY made its Tops till February first time and rejected by 3rd time from its point 83.000-83.300 band. Also NZD is getting weaker and Yen gets power from USD triggers parrity to go down. First it will test its fibbo %38.2 level 82.10 band in mid term. After its retracement our aim might befurther down to make it finish up its Mountain formation. We...
Last week's idea on this pair, was a loss trade for me. Now we have another good support/Demand level, and i am expecting a bounce up from the lows of the range.