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.
NzdJpy - shorting here would give you limited exposure of 50 pips risk which will give you healthy reward of 300 pips or so. Not a bad risk:reward to try the trade once. Hope this trades span as per expectations, GoodLuck!
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 =====
Good trading opportunity setting up on NZD/JPY 4 hr. Nice possible stair-stepping to our final target at around the 93.900s. Great risk/reward profiles here. 1/4 on the first trade and 1/5 on the second trade. Happy trading .)
Good potential trade setting up on the 4 hr chart. Great risk/reward ratios. 1.4 on the first one and 1:5 on the second trade. Happy trading :)
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
Price has broke and closed below the structure level. We will be bearish bias and looking for shorting opportunity.
NZDJPY D1 chart create double top pattern. We can see that a clear breakout of neckline. Hope price will retest the broken neckline and after that price will go down.
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...