NJ
NZDJPY Long term view upto 72.00Following on from my previous analysis, the pair fell lower than predicted, I have reflected this in the chart above
NZDJPYLooking at this pair it is reaching a sensitive region we could either see a bounce, break or go into consolidation, we shall be patient before acting upon this trade and let Price Action show us what it wants to do, (NO FANCY SH*T, BASIC PRICE ACTION!)
NZDJPY LongMomentum from weekly to daily confirms bullish momentum. Re-testing previous order block turned breaker. Violated previous Lower High also indicating a bullish bias. Swing with 2 targets will be trading conservatively as with all swings.
NZDJPY Short-Downward trending
-Lower lows and making lower highs
-Respecting resistance zone
-Fibs entry
DROP NJ DROP! NZDJPY
Setup: Simple structure breakout
Confluence:
BRN
CRS
Break TL
Entry:
Sell @ 67.30
SL@ 67.60
TP @ 66.30
Let me know what you think. TAYOR
NZDJPY TRADE IDEA50% of the big bearish engulfing candle has been hit 3 times
Strong price reversal zone marked out at 50% of the bullish engulfing candle
So we could see a retest of that zone to break to the upside which would be an MA bounce and could give us 2 entries/stack zones
NJ SHORT AND LONG PLAN1,....WE WILL BE selling break of rising wedge
2..and buy where the second arrow starts..till we hit supply zone
NZDJPY short weeklyNZDJPY broke through to lower levels on the descending channel on daily and has made way back this week to retest that broken level, price is experiencing heavy supply flow on monthly . Shorts are valid now on h4 swing target 69.900 range on weekly
