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Reason for a Short Position: Price made a breakout of the channel to downward with a breakaway gap. Currently price was rejected by Ichimoku Cloud resistance and Pivot point.
⚠️Always use Stop-Losses in your trades! (little recommendation - Choose your Stop-Loss in the way to get 1/3 Risk Reward ratio at...
IF THE FIVE WAVES TREND IS COMPLETE WE SHOULD EXPECT A FURTHER DECLINE IN PRICE BELOW WAVE 4 AND THE BEGINNING OF A WAVE 3R DEVELOPMENT
WILL TRADE BELOW @71.247 TO TARGET @69.832 BELOW @68.958
Price has broken through the ascending trendline, after forming a double top pattern to monthly resistance at the top. Price has broken the neckline & retested it as new resistance, making a bearish rejection which aligns with the 38.2 fibonacci retracement & is now in a consolidation phase. Waiting for a breakout of the strong support level below at the 70.000...
here we have a textbook double bottom following a bullish rally. In order for me to get long, I need a retracement back down into the .618 zone from previous swing low to swing high.
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NZDJPY – we are waiting on decision
Trend: Neutral
Support/Resistance:
R3: 71.815
R2: 71.300
R1: 70.800
S1: 70.523
S2: 70.013
S3: 69.253
Price action:
In this case NZDJPY...
HELLO TRADERS
Here is our analysis on NZDJPY. Please drop a comment or question below.
1. Dynamic Key level of Support and resistance
2. Trend Line break = Trend Change
3. Fibonacci
4. Double Bottom
Hola amigos aca les dejo los setups con los que operare en el nzdjpy si deja oportunidades,
SI TE GUSTO DALE LIKE Y SIGUEME, QUE ESTARE COMPARTIENDO ESTOS ANALISIS TODOS LOS SABADOS Y DOMINGOS
NZDJPY soared high after the announcement of interest rate by RBNZ, currently we area seeing price form a falling wedge pattern and giving us long trade opportunities.
Plan : wait for prices to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this...
We can look for Buy entry near the Support/Resistance Zone.
Reasons:
- the price can bounce off the Support/Resistance Zone;
- potential profit will be in 3...5 times bigger than risk.
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The price reached 70.00 support zone. The price action in this zone will be able to give us a trade opportunity. If the price bounces, it will be a possible buy opportunity with stop orders below 70.00 and profit targets at 72.00 resistance and the downtrend line. Search for buy signals using the hourly timeframes.
If the price breaks the support zone, it will...
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Entry Price: 70.366
TP1 - 71.294
TP2 - 72.391
SL - 69.439
Reason: It is strong Support zone and trend line.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitableNZDJPY
