nzdjpysel

NZDJPY has shown great bearish momentum and currently retraced into a continuation pattern. We may see price continue to our take profit level. Stop loss - Red price level Take profit - Green price level Remember you must manage risk, only risk 1% or 2% depending on your risk tolerance. There is no such thing as a guaranteed win in trading. What you have is...

4h downward trend 1 downward trend with a strong line of resistance. Seems like a good time to short

Daily View:

NzdJpy Daily timeframe - I see a pending pullback for this pair into the daily demand area for potential longs in the near term.

SELL

Hey guys, my usual analysis starts from higher timeframes such as the daily. There i've highlighted a key level of structure looking left, a resistance area that could stop the price's rally. As i go down on lower timeframe such as 4h i can see there are two tests of this specific level (also a psychological level, 79.00) both failing in making new highs. This...

Hey guys, after being correct in predicting the upward move on this pair (see attachment) we took our profit near 83.00. Now i changed my mind, just watching price action. I'll explain you why. Basically we are testing a strong resistance zone, both in the daily and in the weekly, therefore we could expect some strong resistance here. In addition to that, we also...