NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could...
Short around 78.12-77.90 for a target to 77.15, stop at 78.47
Daily Candle Closes Bearish, SOLD @79.100. NEW resistance, Previous Support @ fair price levels
Short around 81.46-73 for 80.87 & 80.02 target, stop above 82.27
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 !
FX:NZDJPY : long opportunity, wait for resistance line to cross.
Buying to test the system, lets see how it turns out. going to post multiple of these to get a approximate accuracy on the system. to try the system pm me.
Here is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.
Hey guys, this is a very basic concept of a structure trade. As you can see above on NZDJPY price just came out from a consolidation period and put new structure highs. At this moment i know my bias would be long; but i can't enter a trade long on the top of the movement, i should wait for price to give me a better entry in order to catch the upward move. My...
nzdjpy weekly analyis pin bar on resistance level
See the candles closed above 26 EMA. This could be a clear breakout and buying this pair at this moment can bring a profit. Trend indicators have already waved the signal that this pair can pullback to 74.725 level. In am in this trade.
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE. WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE. STOPS LOSS AT THE 75.871 LEVEL. FIRST PROFIT TARGET IS 72.216. SECOND PROFIT TARGET IS 67.980.
The price finding support area at 74.20. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 74.64 with potential target at 75.20-75.45.