I´ve been posting a bearish case for NZDJPY from few weeks ago and scenario is still valid. Technically this is a warning for stock indices but it has been reluctant to fall so far. This is my forecast though. I didn´t include Ichimoku indicator to have a clean chart , but if you check it supports the analysis to the downside Above 89.25 on a daily close would...
PRICE JUST BOUNCED AT THE 068 FIB LEVEL AND ALSO AT A CONFLUENCE ZONE. LETS WAIT A CLEAR RUPTURE FOR A GOOD OPPORTUNITY FOR A SHORT! WHAT DO YOU THINK? LIKE IF YOU ARE AGREE OR COMMENT A DIFFERENT IDEA.
This trade has the potential for a nice move up following the nice weekly/daily uptrend. Piphunters will look to LONG at the retracement on the lower 1H trend line and try find entries on5/15 M charts. Setup is invalid if price breaks lower daily trend line. Then we have to look for shorts and a possible trend change!
I believe the pair is in short term corrective rally and the next bounce is a good shorting opportunity with decent rr.
Enter the trade when breaking the 0.618 Fib levels. Stop Loss- 88.19 / 87.2. Take Profit-When touching the blue Trend Line. For Options- EOD Call.
As i tell you in the nzdjpy last chart. there were two possibilities. As you can see price break up. and now is making a correction. so if you did not catch the break, now this structure is giving you an opportunity to get into the trade. Wait for the break out of the corrective structure and then go long. what do you think?
Price is making a corrective structure. If you see the chart, price is in a down trend. I think that if price break the support of the structure, NZDJPY will give us a short opportunity. Any ways, price could break the resistance of the structure and go to test the red resistance. I think is going down, because few days ago price broke a up trend and it has...
CONFLUENCE FACTORS (techanicals) - 89.250 support - with trend - 50% fibonnaci - low test (waiting for week to end) - 50 ema dynamic support - 200 ema on daily (timing entry on daily)
VIDEO: www.youtube.com Potential Cypher Pattern on the NZD/JPY 1 hour time frame. Last trade for the day, please refer to the video above. I do release daily videos to everyone whom wants to follow along and trade together. Star Prosper Philip Stewart
See our SETUP: (Click and Play) I do appreciate all views be it a like or comment SignalSuisse
An Alternative view of this pair is a bullish bat provided price hits 89.30 to complete the BC leg and does not close above 89.4. This would either give us an opportunity to short at that that zone or wait for a long at point D
We have a bearish bat in nzdjpy. Looking to have catch the CD leg by placing a limit order at 89.05 which should be point C if this bat were to play out. Structure appears to be supporting with the 89.05 zone being supported previously. Stop loss to be place below structure around 88.81 level. Buyers can look to ride this up to point D of the bat pattern while...
We have an ABCD completion at 89.5 with previous structure. We have nice confluence with 1.27AB and fib 6 at the same region. Sellers can target 88.50 with the view that a larger ABCD pattern plays out