retseted the daily key level and is also respecting the 50 ema which is a buy for me good luck
On NZD/JPY is nice to see strong buying reaction from the price 74.49 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Resistance from the past + Uptrend +...
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Price experienced a nice momentum push to the upside over the week and now we are in a correction. We can expect price to leg to the upside given a valid break of the last lower high.
A potential short position on NZDJPY after bouncing off the resistance zone.
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Buy NZDJPY 74.90 Stop 74.75 Target 75.67
JPY index is bearish but will touch support zone soon (trendline is going to touch soon and jpy will support ) NZD need to fall and rest a little so: NZDJPY is falling at least to previous resistance that shown in chart and will tp there .
Welcome Back. Please support this idea with LIKE if you find it useful. *** Previously, he changed the direction from a downtrend line to an uptrend line, so he retested the previous breakout area, and he will rise to build a new trend. ***
looking for sell positions on this pair for this week
One last push to the upside for NZDJPY to the daily resistance structure looking higly possible this week.We are not market makers after all but we use every evidence available to support any trade before we take it.We will see wat the market wil tell us as the new trading week begins.A reversal at current market price is possible but a long is wat we looking for.
It is definitely worth a try, here.
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER, WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO Uptrend YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
It will be interesting to see if NZDJPY can hold between this zone for continued upside. It has now wiped the majority of buying so there is potential for another strong upside move.