Just a raw 1000 pips on NJ texpected till Oct 1st. Good luck!
We can see that there has been a major resistance formed and seen multiple rejection.
-Downward trending -Lower lows and making lower highs -Respecting resistance zone -Fibs entry
NZDJPY Setup: Simple structure breakout Confluence: BRN CRS Break TL Entry: Sell @ 67.30 SL@ 67.60 TP @ 66.30 Let me know what you think. TAYOR
Prior Ranging Market Break of Fractal Alligator Opening
50% of the big bearish engulfing candle has been hit 3 times Strong price reversal zone marked out at 50% of the bullish engulfing candle So we could see a retest of that zone to break to the upside which would be an MA bounce and could give us 2 entries/stack zones
1,....WE WILL BE selling break of rising wedge 2..and buy where the second arrow starts..till we hit supply zone
NZDJPY broke through to lower levels on the descending channel on daily and has made way back this week to retest that broken level, price is experiencing heavy supply flow on monthly . Shorts are valid now on h4 swing target 69.900 range on weekly
NJ broke small diagonal coming off intersecting fork lines. It was also the 200MA on the monthly. This pair can have some very large upside even breaking the major high on this screen, considering the pattern and price action.
NZDJPY has showed major weakness for months this year, and continuous to plummet . Price has found way back to the weekly ascending trendline and is cornered. Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to...