#NZDJPY 1H short Opportunity (Cypher) 1. 4H has potential Gartley and Cypher patterns 2. The price is leading reaching 50sma on 4H which can act as support. The zone there has minor structure too and 200sma is reaching there fast 3. This can push the price little upwards to give us a small term but good Long opportunity 4. 1H shows a Cypher forming in the same...
Current Sentiment: Range Pending Technical Score (PTS) Direction with trend: +1 SnR Confluence: +1 Trendline Confluence: 0 161 Harmonic Confluence: +2 Total: 4/8 Place pending orders. I would love to hear your opinion, feel free to comment, agree or disagree....
An impressive looking bullish gartley pattern is forming on the NZD/JPY 4H chart. - A/B: Price bounced nicely off .648 - B/C: Price fell pretty quickly at around .882 Finally, it looks like D will hit the mark at around 88.00, of which coincidentally is the .786 mark. If price falls below .90, then I'm confident that the C/D leg will be completed. What are...
UPDATE : FOMC SCRAMBLED THE MARKET. TURNING TO MY EURGBP SELL TRADE NOW. SELL ON RETRACEMENT @ 50% FIB. D1 BEARISH ENGULFING SPOTTED. H4 BEARISH REJECTION PATTERN AT 61.8% FIB WITH LOWER LOW AFTER DOUBLE TOP AT 61.8% FIB. 50 SMA AND 20 SMA CONFLUENCE AT 50% FIB. NZDUSD FORMING A SIMILAR TRADE SETUP HOWEVER WITH LOWER RISK REWARD. ENTER SELL AT 50% WITH STOP...
This analyze is linked to my previous trading idea : Price is meeting a major resistance at 90.000, combined with 0,618 Fibonacci level Price already failed to cross this level once. A close above 90.000 would be a LONG continuation signal.
Clear and well defined pivotal support/resistance around 89.80-90.20. Sell when NZDJPY rallies to re-test this price zone. For a more precise entry, look to short around 90.20-30. This is the double top neckline & 61.8% FIB retracement. Short NZDJPY 90.20-30 SL 90.80 TP1 89.00 TP2 88.00 ===== www.ForexPositive.com Twitter @ForexPositive =====
I believe the price would make a strong breakout and if that happens the result would be the one i describe on my chart.
Bounce on Daily SMA200 + Divergence on Monthly ============================================= Trading rules are : 1. Trades are taken in 1, 2 or 3 units depending the situation. 2. If 90 percent of first target is reached I move stop loss to break-even. 3. If 90 percent of first target is reached without triggering entry I cancel the trade. 4. About targets :...
I'm considering placing two limit sell orders in this pair, at the 89.503 mark. I'll cover one once the first target is reached and place a buy limit at break even on the second order. The premise is that I expect to see a mild move up, before crashing down and reaching at least my 1:1 r/r target level. Invalidation level is the yellow line, yet stops are placed...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Countrend Long Opportunity 1. Harmonic ABCD Pattern completed 2. Reaching 61.8 level of previous leg 3. This level was a resistance in past 4. Price is getting oversold on RSI 5. Has just crossed 200 SMA but other SMAs are lagging behind. Price may try to reach back to those 10 SMA and 50 SMA
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Countrend Long Opportunity 1. Harmonic ABCD Pattern completed 2. Reaching 61.8 level of previous leg 3. This level was a resistance in past 4. Price is getting oversold on RSI 5. Has just crossed 200 SMA but other SMAs are lagging behind. Price may try to reach back to those 10 SMA and 50 SMA
Clear and well defined pivotal support/resistance around 89.80-90.00. Sell when NZDJPY rallies to re-test this price zone. Short NZDJPY 89.80-90.00 SL 90.50 TP1 87.50 TP2 85.50
Interesting opportunity for a long entry on the NZDJPY. The 50% Fib retracement and the SMA200 are acting as supports on the daily chart. Hourly and lower timeframes charts are indicating strength as well. Moreover, the weekly chart could find stable support at current levels as is rebounding off the SMA50, reinforcing our long entry idea. Stop loss below recent...
With a bearish engulfing confirming reversal on the daily and a pull back to theT.L confirming a lower low and a possible shooting star formation the 4hr is looking promising for a drop down to 88.327 in between the 38% and 50% retracment and above a previous demand zone for a safer exit. After a shooting star on the 4hr and forming lower highs and lower lows ...
Everything on chart :) I follow the rule less is more! Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12...
My standard channel and trending to go short after channel breaks with a small macd divergence.
Market re-tested the daily resistance zone and failed, resulting in a bearish pin bar in H4. Two options in my plan to short this pair: (1) Enter at market now based on the bearish pin bar signal rejecting the daily resistance zone. (2) Wait for further retracement up for deeper re-test of the daily resistance zone and the re-test of the low of mother bar. My...