THE EXPECTED REVERSAL HAS NOW OCCURRED NOW EXPECTED THIS TO MOVE UPWARDS TO THE PREVIOUS HIGH SEE PREVIOUS ANALYSIS I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
I AM EXPECTING THIS REVERSAL INTO THIS RESERSAL RANGE BUFOR WE CONTINUE OUR UPTREND. FOR ALL THAT ARE FOLLOWING I AM SURE YOU WOULD HAVE SEE HOW GOOD THIS HAS GONE. SEE PREVIOUS ANALYSIS BELOW LIKE, FOLLOW AND COMMENT
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.
Price made a exhaustion on a strong support area. I`m going long.
I AM EXPECTING SOME REVERSAL ON THIS PAIR. SEE ONSCREEN INSTRUCTION LIKE, FOLLOW AND COMMENT FOR MORE :)
NZD/JPY is making new lows and has currently broken the 200 EMA on the 4H chart. We have 2 reversed hammer one by the side of the other meaning there is strong weakness. For the next breakdown to begin right away, prices would have to not break the 200 EMA on the 4H chart (Which is the last high of the 2 reversed hammer candlesticks). If it does break the 200...
Price is located in a strong sell sensitivity area. Left us a good Pin Bar on the daily chart, and made a triple top on the 4h chart. I`m going short.
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NZDJPY Long. Long Term TL + Long Term Support + Weekly Engulfing . market probably create Double Bottom .
The NZDJPY has been making textbook moves for the past 5 or so months and nows the perfect time to see some changes. We had a wedge pattern forming, as well as a bat pattern within the wedge as a little reassurance to buy. Following the leg formed by the bat pattern, we turned around at the .618 giving us a very nice 2618 formation. Going on, theres now a couple...
NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could...
NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could...
NZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal...
NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple bullish exits signaling that bullish momentum is still...