The price finding support area at 74.20. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 74.64 with potential target at 75.20-75.45.
The price has pulled back into the reference area at 74.03-74.06. Remains bullish above 74.33 as long as the support at 74.03 remains intact. Long with potential target at 75.34
FX:NZDJPY Falling Wedge Buy after Breakout Target 700 PIPS More I will write later!!
A nice fakeout confirming bulls coming in at a critical support level...also a piercing pattern formed. A break of minor trendline would set the bulls on track..great Risk Reward. Im expecting Yen weakness across the board this week.
= Monthly, weekly and daily charts showing strong support around 75.000 and upwards sloping trendline. - Bullish MACD divergence - Possible break of 77.000 and retrace to test for potential long entry? - Thoughts?
Possible bullish gartley on 30 minute NZDJPY ENTRY: 76.353 TARGET: 76.911 STOPS: 76.120 Happy trading and trade smart! :)
All jpy pairs are showing bullish signs. But I will stay out of major jpy pairs due to recent unexpected moves on majors. This setup looks promising. Im already in.
FX:NZDJPY BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
FX:NZDJPY SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% B C 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; open.spotify.com
This is probably the best trade set-up of the day for me in terms structure. The market has come back to test a trend line resistance now turned support and at the same time completing a bullish cypher where there is a lot of structure looking left. The Risk:Reward ratio is more than 1:1 so let's hope for a winner. www.youtube.com tradewithme.co.uk