NZDJPY - D - Long Truncated Fifth, should follow an A -> B
Milk is now in demand, and strengthing in all countries.
NZDJPY D1 has now dropped to a critical support/demand zone, which has been held by two day candles that indicate a potential reversal. BUT it is still possible for it to continue dropping to 76.861. UNLESS you want to SL below that(100+ pips), don't trade yet. A MUCH MUCH better way to catch this potential reversal is to either 1) wait for it to break 78.412....
Hi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where...
Hi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where...
Here is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.
We have some confluence in the 79.47 area with an AB=CD and a bullish deep crab pattern. A 61.8% retracement of A-B corresponds to a 1.618 Fibonacci reciprocal. I will be long at that area with a TP of 80.90 and extended TP of 82.34 Good luck!
NZDJPY broke the bearish channel and printing a possible H&S. if it break the neckline then a long is very possible-
Risk sentiment is supported. NZD has highest interest rate in G10.
We see this pair moving upwards to 82.00 very soon.
FX:NZDJPY Safe Trades;
Last week's idea on this pair, was a loss trade for me. Now we have another good support/Demand level, and i am expecting a bounce up from the lows of the range.
Price below 81.11 violates this setup. Good RR on this one
Hey guys, just want to inform you about what's on my radar this evening: this is a Cypher formation that's about to complete near to a daily structure level and a psychological number. I think this could be a good idea to buy the market. Stops below X, targets as usuale on pattern at .382 and .618 retracements of AD leg. If you have any question, feel free to...