This trade will be confirmed after the closure of current candle according to daily chart analysis. Enough room has been created to the left proving for good chance of turning around an go long. Proper risk management, reasonable risk/reward ratio must be considered.
After going short for 1 week, now bullish move is expected. It has touched its major trend line, waiting for confirmation. Also we have to look on the other side of breakthrough of support that is possible. I will provide an update for good entry.
According to daily chart analysis it shows that there is high probability for bullish move. The price has touched strong support, it can drop little bit before bullish move. We have to wait for confirmation, for the last time it touched support line since 6/7/2017 this provide enough room to the left as a criteria for turning point. Follow and wait for update
After an analysis of this pair from February 3,2018 the analysis was 100% perfect bullish.Now it has touched a major trendline, so we can go short.A sell stop can be used to enter this trade during a reversal candle.
The pair shows high probability for bearish, the chart shows a Resistance tested and failed to break it due to its strong. In this trade a sell stop can be placed at 0.72844. Also a room on left supports for bearish on this trade.
NZDJPY still trading in a box though has broken some support zones but not totally out of the box. We keep our eyes on this pair. A sell stop can be placed once confirmation occur. Keep your eyes for update
Daily chart analysis for NZDJPY has touched the major trend line that have been respecting since 27 July 2017. Currently it has touched 2 times and failed to break it. Bearish is expected on this pair only if other factors remain unchanged, a stop loss must be at point 4 as shown on daily chart.
According to day chart analysis, NZDJPY is currently trading in a box as shown in chart for 9 days now, it is finding a way for breakout at 80.165. If there will be a breakout and a retest then the trend will pass through different points as shown. Typically will be a long Bearish move. Keep your eyes on this pair. This analysis is based on naked trading.
A big shadow formed just above a support, this provides another buy opportunity, with just high possibility of short. Short because the wick of the previous candle is not completely engulfed, only a body is completely engulfed. Also presence of room to the left still can support this move.
A big shadow has been produced providing criteria for bearish move. A formed candlestick is at the the resistance and engulfed both wick and body of the previous candlestick. Also presence of of enough room to the left support this idea that the chart never turn at that point for approximately 3 months.