You don't need to be Einstein to see how strong of a level this is, but just in case you are brain dead we have pointed it out with lovely purple arrows ;p This level has been used as strong resistance and now price is coming back down to test this as support, we can see a bounce and a bullish run coming, and we think it will be a very angry bull... so run for...
this is a nice set up and a bumoer reward to risk ration
SEE SCREEN FOR SIMPLE INSTRUCTIONS. ONLY JOIN IN ONCE THE BREAK OCCURS See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Range resistance is broken and I expect to see pull back to the (new) support level and then long for the new bullish leg. If I got SL, I'll be looking to take another buy around 72.20. NZDJPY BUY LIMIT 74.40 SL 73.90 TP 75.00 TP2 75.50 TP3 77.70 www.trade-insider.com
nzdjpy - Buy trade taken on a weekly and daily demand zone.
THE EXPECTED REVERSAL HAS NOW OCCURRED NOW EXPECTED THIS TO MOVE UPWARDS TO THE PREVIOUS HIGH SEE PREVIOUS ANALYSIS I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
I AM EXPECTING THIS REVERSAL INTO THIS RESERSAL RANGE BUFOR WE CONTINUE OUR UPTREND. FOR ALL THAT ARE FOLLOWING I AM SURE YOU WOULD HAVE SEE HOW GOOD THIS HAS GONE. SEE PREVIOUS ANALYSIS BELOW LIKE, FOLLOW AND COMMENT
Price made a exhaustion on a strong support area. I`m going long.
I AM EXPECTING SOME REVERSAL ON THIS PAIR. SEE ONSCREEN INSTRUCTION LIKE, FOLLOW AND COMMENT FOR MORE :)
Shown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left...
NZDJPY Goes down for touch Support zone Before goes up.
here is my new forcast for nzdjpy check this out contact me for mentorship and learning forex from us