NZDJPY approaching a key reversal area. We're in a series of impulse and corrections. Expecting the next impulse very soon.
We're expecting JPY strength = NZDJPY SHORT.
Broke this down completely in the VIP . Have a look at the links below.
Goodluck and trade safe!
Pair Name : NZD/JPY
Time Frame : 1 Day
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Natural - Lead To Long
After the price succeeded in a clear breakout and a re-test on the daily basis at the 79.700 area, an increase is expected with a target of 300 pip in the medium term to the 82.400 area,...
Last week was a corrective week with NZDJPY positioning itself for another impulse down. We are at a very great spot now to look for shorts as we're expecting NZD weakness this week.
Watch for the trendline to break on the lower timeframe and enter with stops above the correction. We're expecting this impulse to completely break the major trendline and fall to...
Structure: Horizontal Support and Resistance
Plan: We look for a small pullback in price before entering in a short position. MACD on the 1 hour TF has confirmed short, so a small pullback would be lead to a good entry for the short.