Nzdjpybreakout
NZD/JPY - Day Trading SellNZD/JPY is failling to make a push up on the 1H chart.
It has broken under the 50 EMA of the 1H chart.
As long as it holds as support, the sell is active.
We can expect the pair to drop to the last low to find it's support for another push back up.
This is a day trade. Wait for good confirmation of the move and enter.
Trade safe.
Why You Should Spend More Time Thinking About NZDJPYIf you're in the forex markets with me, you know that I'm always on the lookout for easy plays. This could be a trade that you should be watching. I'm seeing hella divergence on NZDJPY's RSI. We had a 440 pip decline with no real pullback. Currently, we are in no man's land, so wait to enter. But we do have a doji candle and can expect a retracement to the retracement levels above. Good luck out there. And send me you winning trades on Instagram!
- Q
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This presentation is for educational purposes only and is not a recommendation or endorsement of any particular investment strategy. Past performance does not indicate or guarantee future success. Returns will vary and all investments involve risk, including loss of principal. Trading securities can involve high risk and the loss of any funds invested. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon, or risk tolerance.
NZDJPY TECHNICAL CHART - "Head and Shoulders Bottom (Reversal)"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.