Patterns love repeating themselves in the market. The communication between the market and traders is always visible to the trader's eye. Best of luck to everyone. Keep your emotions in check.
Nzdjpy is now in Bullish uptrend the price has broken out of the consolidation pattern and has retested the trendline looking for price to continue upwards
NZDJPY - Intraday - We look to Buy at 84.43 (stop at 83.98)
A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. Buying pressure from 84.36 resulted in prices rejecting the dip. Further upside is expected. We look to buy dips.
Our profit targets will be 85.59 and 86.00
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NZDJPY is a beautiful setup and it respects the trend channel while this is beautiful. let me see your comments below.
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That’s a follow-up on Short Term Bullish Idea _ NZDJPY H1originally shared on 07-07-2022.
Target 1 @ 84.682 ….. Achieved on 11-07-2022
No Divergence Against.
More to the UP Side expected.
That’s the 2nd follow-up on Short Term Bullish Idea _ NZDJPY H1originally shared on 07-07-2022 with 1st follow-up on 11-07-2022
Target 1 @ 84.682 ….. Achieved on 11-07-2022
Target 2 @ 85.100 ….. Achieved on 14-07-2022
Trade Closed
Hello,Friends!
NZDJPY is bearish right now and I think that market conditions
Are right for the move down
Therefore, I think it is sensible to go short!
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NZDJPY made a descending triangle pattern which is a downward pattern, now the price has touched the upper trendline, we can sell now with the target of the lower trendline.
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will drop to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...
The NZDJPY pair has completed an Inverse Head and Shoulders (IH&S) pattern as it continues to trade on the 1D MA50 (blue trend-line). Technically this is a bearish reversal pattern. With the 1D RSI on Lower Highs similar to the November 2021 - Jan 2022 sequence that printed a Lower Low, we are expecting a similar sell-off. Our first target is the 1D MA200 (orange...
