NZDJPY - Looking To Buy Pullbacks In The Short TermH4 - Bullish convergence
Downtrend line breakout
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Nzdjpybull
NZDJPY Short Term Buy IdeaD1 - Strong bullish momentum.
Higher highs.
No opposite signs.
H4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
NZDJPY Long Trade SetupA bullish opportunity recently presented itself on the kiwi-yen trading chart (My profit target was triggered when I took the other side of the trade {sell/short/bearish} in the recent past). This follows from the bullish harami candlestick pattern which printed on the 82.112 support level but closed above the same level, indicating a false breakout (fakeout) of the level. A stop loss below the 81.000 psychological level and a profit target anywhere between your entry and the swing high of 87.885 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
FX:NZDJPY
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Your FX Plug
NZDJPY BUY!Price has reached the lower resistance of the Channel that the currency pair had been trading inside since roughly March 2020. At this point there are 2 scenarios possible . Scenario 1 ( marked with yellow) : price crosses the Resistance Zone 77.914 , comes back and tests it before going all the way up till 79.386! Scenario 2 ( Marked with red) : Price retests the lower Resistance zone of 76.886 and then finally goes up the final Target 79.386 !
Bullish Shark PatternNZDJPY BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (74.423)
Take-Profit 1: (74.737)
Take-Profit 2: (75.045)
Stop-Loss: (74.101)
Max Risk-Reward: (1.96)
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