NZD-JPY broke the rising support
Then came back to retest is
And we are already seeing
A bearish reaction
So I think that the pair will go lower
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Markets are super hostile. Feels like they do not want us traders in the trades - which often means big trader are coming.
We might be playing the market's favourite game - "Big bank eat little bank".
If these big run ups and reversals were trickery - I think that's the stage set for the main event. Building up positions again now. Will continue to do so if...
- S&D zone where price can go short
- -68 Fib Completion
- Price is having struggles to break
- Weekly Indicational Candle
==> Previous push to the downside we filled the previous indicational candle half, now we also did already
- Bearish W
- S&D zone with a lot of liquidity wicks
- Ugly H&S with a double top as our...
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Often if we're going to see panic events in stocks we first see flash surges/crashes in the Forex market. It's a good warning sign to look out for. And also can present good speculation opportunities.
Yen has gapped up (XXXJPY down). I'm going to wait until the spreads stabilize in 45 mins and add to my NZDJPY shorts with stop losses just above the high of...
NZDJPY has been trading at an important support zone. The trend is bearish but we are waiting for the 84.700 level to be taken out with a big bearish candle. Keep it in your watchlist and trade accordingly.
A break of 86.100 is a bullish signal.
Our last NZDJPY analysis was invalidated and did not get triggered for entry. Since then, we went back to the drawing board and realised that we're still within Wave 5. Wave 5 is made up of 5 subwaves and we are currently on the 4th subwave, which is an ABC correction. We are now trading the C leg of this correction.
SHORT Trade Idea:
- Watch for rejection of...
Everyone is focusing on the lower time frames without noticing the higher monthly supply holding right above current price.
Be careful selling before this zone! We are seeing lots of indecision suggesting price may well want to travel up into the supply before any signs of reversals.
Bear this in mind when trading this pair.
Please let me know what you think...
NZDJPY current trading paterns are clearly pointing
In the direction of a short trade
That is why I am bearish on the NZDJPY pair
And I think it will go down!
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