Nzdjpyanalysis
NZDJPYTwo possibilities:
1: We could see price come into the green zone and react downwards from there since we have a break of structure and rejection signs.
2: The liquidity sat above the highs could be taken and then we could see price start to distribute, once we see a clear rejection and break of structure pattern forming we can take a sell entry from there.
NzdJpy can fall from resistanceSince October's high, NzdJpy has started a downtrend, at least in the medium term and after finding support in the 76 zone, the pair rebounded and has started to trade in a range.
Now we are in the resistance zone of this range, and a fall could follow.
A rise above 78.70 would negate this scenario and bears can have as target 75 zone
Also, a drop under 76 would confirm an H&S, and the long term target for this pattern is 70
NZDJPY ready to take offHi traders,
As you can see the price action is at a very crucial point. Strong support followed by a strong trend line which has been respected for quite some time now. We can also sign of rejection and bullish divergence. It all adds to the fact that we should see an upside push very soon.
Please let me know your thought.
Trade safe and use proper risk management.
Good luck.
NZDJPY LONG - Buy Entry - H4 ChartNZDJPY LONG - Buy Entry - H4 Chart
Symbol: NZDJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 79.650
Take Profit: 81.957
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
NZD/JPY Multi-Timeframe analysis - update !!!Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
NZD/JPY BUY ......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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