Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for NZDJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
🇺🇸 NZD/JPY Setup / Analysis
🕐 4hr's Chart
Large Scale / Small Scale
➕ Key Technical / Reason's Long
1) Major Turn level
2) Pattern Break / Test
3) Quarter High / Month High
4) Liquidity Zone
5) Day High -
1) Major Turn level
2) Liquidity Zone
3) Pattern Target
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
In March, the price broke through the support 77.41 and returned to the growing channel (October 2020). Within this channel, after the breakout, the price regularly touches the boundaries of resistance and support. Now it rallied from the 77.66 support to the 79.83 resistance. After that, you can expect a boom and a new change to support 78.32.
Remember, there is...
Ascending Triangle are repeatable trading chart patterns.
Ascending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline...
Similarly to AUDJPY, we have a corrective break for NZDJPY. Price failed to break a significant level after the break of trendline and as a result, we have a correction. The only difference to AUDJPY is that this pair is creating an ABCDE ascending correction whereas AUDJPY is making an ABC correction.
See lower timeframe chart below for information on how to...
Will this pair eventually be a bearish shark pattern or a type2 bearish deep gartley pattern? And all this will be determined by the candle close. Latest by Tuesday, 11May21 we will have an idea of this trading setup.
As per the educational post posted recently, we have now a corrective break as price failed to break the key level. As a result, price created a complex correction. We are now looking for the correction to break and get in on the next big impulse!
See linked chart for the education post regarding impulsive and corrective breaks.
Goodluck and Trade Safe!
NZD-JPY has went up from the support confluence
Just as I predicted in my previous analysis
And is now retesting the strong horizontal resistance
From where I am expecting a pullback
To retest the rising support
Like, comment and subscribe to boost your trading!
See other ideas below too!