Price crossed below last week's low and has retraced. I have a signal to short.
Nice trend line break and retest. I'm waiting for a green candle to short.
Wow! The carry on this trade just expanded! Broke trend line and is now consolidating. Looking for it to break last week's high!
The 60 min chart is in an upswing and has cleared 1 -2-3 pattern. looking for entry on break of trend line.
100 ema over 200. Oversold Demarker. A very nice "M" I'm in
I have been waiting for this baby to turn. If this candle closes red on 4hr I'm. Stops above 128, target 124.60
Its messy, but its a 1-2-3 bottom with a shake out. I'm at .7607 0r after the NY session, whichever comes first. 1st Target probably .7800
Price just got above the 200 ema on the 15min chart which is my go when looking for a reversal into a retracement. This may set up Sunday night. Keeping an eye out. See my previous daily chart.
I'm updating this chart from a week ago where I thought it might have turned already. Waiting on a confirmation of entry on smaller time frame chart.
So, I love being long this pair because of the carry. Anyways, I actually have a technical reason to be in now. I jumped in early but we are really close to a confirmation. I'm watching overbought on the 15 min to add positions.
I bought the breakout of the consolidation and took profit at resistance. I am now waiting to get back in.
Another 1-2-3, looking to trend with new bullish trend. Watching for sloght retrace to get us in.
Ok, so as I zoomed out to daily I see more reasons why I'm digging this trade. Resistance tested a few times than broken and retested as support. Also, confluence with the FIB retrace at the 38%. I am waiting on a move north on the 60 minute chart to start building positions back to the high.
Since the beginning of April this pair has been in a good uptrend. At this point it looks to reverse and retrace a bit. Plenty of missed pivots to go back to. I'm looking to short in the zone shown or a breakout to the south.
Massive move down that I am waiting to end to start building a position to head back up.
NZDJPY has a carry I Iike, so even though I have been waiting on this trade I jumped in without total confirmation. The trend line coming down from above is drawn on the weekly. With the support below I am thinking its time for it to edge up and test that baby.
I am watching this to break out north after a week of consolidation.