Short the pair from 50% fibbo retracement.
FX:NZDJPY iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave...
Preparing for sell signal...Hope this helped!!! KEEP THE RADARS UP!!!
A zoom into the wave. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Let's see how this plays out! 100+ pips up to Gartley D completion 100+ pips to downside target...Good Luck!!! KEEP THE RADARS UP!!!
As you can clearly see from the Trendline drawn we can determine that NZDJPY is bearish. So to get along with downward ride we are looking for opportunities and the market is retracing up to offer us a chance to sell. We can also note that both Trendlines coincide in the resistance zone we have marked already. NZDJPY may retest the Bearish trendline and may...
I shall be looking for a long entry on NZDJPY around 74.6 given a bullish confirmation from that level (Bullish Candle, Divergence, etc)
China news does help out the Yen & the wedge is closing in Caixin Manufacturing PMI - Sunday Japanese 10 yr Bond Auction - Monday - -- Japan just matured its bond.. this auction is a good clue how attracted the Jpy-Bonds look.. it helps for the future of the Yen Dairy Prices - - - - - - - - - Tuesday China Cpi y/y -------------------- Friday
FX:NZDJPY BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
Could be a nice play. Amazing R:R maybe too good to be true lol. We'll see how this pans out.
Hello everyone we have opportunity to short this pair. Also there is a AB=CD pattern at the moment. Good Luck For info: kevinsdhaliwal@hotmail.com Twitter: kevindhaliwal1 Instagram: AllTradingIdeas
A bounce in oil prices coupled with a positive new Zealand trade balance keeps the upside in the Kiwi favoured. Price action in NZD/JPY is above the cloud and Tenkan and Kijun show bullish crossover above the cloud which shows upside potential, Stochs are in neutral territory. There is a positive 5&10 DMA crossover and the MACD line is also showing a bullish...