This pair has recently bounced off a major daily support (red zone) and has started the 4th leg of the Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. A trend line on the 1 hr chart has been breached giving our analysis and strategy validation. We...
NZD/JPY is failling to make a push up on the 1H chart. It has broken under the 50 EMA of the 1H chart. As long as it holds as support, the sell is active. We can expect the pair to drop to the last low to find it's support for another push back up. This is a day trade. Wait for good confirmation of the move and enter. Trade safe.
Right now the pair is below the Weakly Support point Overall the trend is in downtrend but it is on a consolidation fase. The pair might retrace around 0.5 to 0.6 fib point Before it decide it's new trend. I will go long around 72.400 I will go for a short position if it cross 71.390 >>Take profit point if it goes long is around 0.5 to 0.6 fib point >> Take...
Disclaimer - I could be wrong/Trade at your own risk...
NZDJPY continuous downtrend. -> SELL
The pair moved as predicted and completed the 4th leg of the shark pattern therefore we closed our positions in the PlutusX MAM with profit. Our current strategy on this pair is to buy it again as it retraces back to the yellow support zone. FX:NZDJPY
Short term sell on NZD/JPY - Shorting the pullback of the bullish trend as it hasn't yet found the foundation to make the push higher up. *This is a day trade and a Risk:Reward ratio of 1:1.
this is a nice set up and a bumoer reward to risk ration
NZDJPY / H1 / (Harmonic Trade) Trade with care and use good money management.
nzdjpy - Buy trade taken on a weekly and daily demand zone.
NzdJpy Daily timeframe - I see a pending pullback for this pair into the daily demand area for potential longs in the near term.
Pair: NZDJPY Trade: Long Time Frame: 4 Hour Strategy: Head and Shoulders Bottom (Reversal) DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.
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 has already broken weekly trendline and I'm seeing this move down to the 73.273 area