NJ currently experiencing an uptrend on a daily basis but has been going sideways for some time on the four-hour chart (h4). It is possible that NJ might look for the bottom yellow line before continuing its upward trend. However, ultimately, NJ is expected to move towards the North direction. The trades I made at this point are debatable, and this decision might...
NJ has presented a nice break and retest trade in line with JPY weakness and potential NZD strength. Lets see if it can at least play out for 1:2 RR
bullish momentum on this pair lets see how it plays out
NJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a...
Now that the market has grabbed the money sitting below support, lets see if they play the dump and pump using a 272 fib ext and triple ABCD to join the bulls
With buyers continuing to hold the line, we might see the big pump we expected with our earlier setup. Big picture shows major consolidation with a lot of stop losses to take out above 84.40. Let’s see if this BO setup provides the goods
With AUDJPY breaking out of range and finally showing the bullish accumulation we expected on Friday, the move could be in the works for tonights session. Price action has qualified for one of our plays so lets find out
This is clearly going to head to supply. Trade that has been drawn out has an RR of 3.3. Enter at your own discretion
Just TA here. When you look at the weekly area. 85.20ish is normally support. i just see this ABCD Extension pattern here and so i believe this pair is short to at least one of the circled fib levels!
NZDJPY has major divergence on HTF with a clear rejection of a resistance level and over priced market. Waiting for price to break small structure of support that has been made on the 30 min.
quick look at this pair looks like jpy pairs are set up for short 50 day ema should be a easy target
safe entry after break of the consolidation pattern
NZDJPY is in a bullish flag pattern. Look for an equal length outbound trend!
Trading Plan (EXTENSIONS) ENTRY TECHNIQUE Visual interpretation of predefined set-up on chart ( ABC ) A price movement of 61.8% measured from B to C Pending limit order at 23.6% measured from B to C TRADE MANAGEMENT StopLoss: C TakeProfit: B Comment: Bullish Fibonacci extension appearing on chart. Stand by for confirmation. Good luck to everyone...