Broke the trend line on Friday and closed below the weekly trend line Happy Trading :)
Hi guys! NZDJPY is reaching a key area, and it's time to look for short here. We have many reasons for that, as: divergence and overbought RSI, fib levels confluence and supply zone. All as shown in the chart. Like if you agree, support and follow please!
We can see that NZD/JPY did big movement and made a new high and broke the last triangle pattern this up trend movement should see a long or medium correction before continue the way for 90.00 NZD/JPY
Short after retracing from the 2nd leg of the double top Entry: 80.79 SL: 81.261 (-47) TP1: 79.76 (+102) TP2: 79.35 (+143)
Short on NZDJPY #H1 based on Double Top For confirmation, I will wait for the a bearish candle to close below the open of the previous one. Safely, I will place my order as below: Entry: Sell Stop @81.05 SL: 81.55 (-50) TP1: 80.41 (+64) TP2: 79.88 (+117) Good Luck and Trade Safely
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE. WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE. STOPS LOSS AT THE 75.871 LEVEL. FIRST PROFIT TARGET IS 72.216. SECOND PROFIT TARGET IS 67.980.
Short this here 75.86 TP 73.73 SL 76.10 pending buy limit 73.73
Here we can see nzdjpy pair giving many rejection on daily chart around 75.6-75.8 level. and making bearish candles. so advice to sell in range of 75.5-75.9 SL above 76.3 TP 74
Bullish Cypher in the works? We also have some negative divergence on the MACD
NZDJPY A "Triple Cycle" has almost completed so we target 50 Fibo Retracement. Sell the break of the yellow TL aiming TP 74.10 SL 2 pip + spread of last high before TL is broken.