Hi everyone, Technical Trader here. Awaiting confirmation on the Daily and (maybe Weekly) to see whether we can fill the Monthly candle stick wick. Price approached the yearly mark (Jan 2014) and was rejected. Clear Channel, but could it break? I've not got a bias on this one just yet, but I will be watching over the next few days.
Sell stop on NZDJPY at 78.50, after the head and shooulder formation, where we aim to an inversion of the trend. SL: 79.13 above today highs TP: 77.50
NZDJPY plunges as Reserve Bank of New Zealand (RBNZ) cut the interest rate by 50 basis point. The pair already has a bearish sequence prior to the rate decision, and the rate cut speeds up the extension lower. Short term Elliott Wave view suggests that the rally to 73.2 high on July 22, 2019 ended wave B. Pair is in wave C lower with subdivision as a 5 waves...
Hello everyone two setups here for you guys NZDJPY is already active and NZDUSD is a pending order Best of luck :)
Hello traders here we have a potential 3 drive pattern along with structure. very tight stops as well as structure seems like its holding. Also the target is the previous supply above. The entry is also on the trendline below so a bounce back up can be expected cheers