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Nzdjpybuy

Ride the BULL all the way to the BANK ;p You don't need to be Einstein to see how strong of a level this is, but just in case you are brain dead we have pointed it out with lovely purple arrows ;p This level has been used as strong resistance and now price is coming back down to test this as support, we can see a bounce and a bullish run coming, and we think it will be a very angry bull... so run for cover or jump on its back and let it take you all the way to the bank. So go long.. but trade with CORRECT RISK MANAGEMENT!!!! And don't get greedy as greed in the Forex market is why 99% of people fail. Also only use this analysis if it lines up with your own analysis.
Long
by ApexFX_Pro
NZDJPY Potential Monthly Reverse Head and ShouldersShown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left shoulder around the 73.11 level will increase the likelihood that the long term pattern will evolve. This sets up for a major long term move that would take NZDJPY all the way to the 98 level. A move below the left should around the 73 level will invalidate this idea. So for the expected move toward 98 this turns out to be a huge move the expected risk associated with the idea.
Long
by Andy_Garcia_CMT_CFTe
3
Potential NZDJPY Moves on Weekly - Very TextbookThe NZDJPY has been making textbook moves for the past 5 or so months and nows the perfect time to see some changes. We had a wedge pattern forming, as well as a bat pattern within the wedge as a little reassurance to buy. Following the leg formed by the bat pattern, we turned around at the .618 giving us a very nice 2618 formation. Going on, theres now a couple of scenarios we could have here; 1. Long position continuing on with wedge pattern. - Look for a reversal around the NZDJPY 75.80 area. - Stop loss - just make sure you don't get a lower low lower close candle. If you do then close the trade and take the loss. - Take profit @ 78.04. Would recommend either trailing your stops as price goes up, or closing half your position @ 77.07 The other alternative; 2. Short position due to breakout. In this case; -When price gets to that 75.8 area, look for a lower low lower close candle (L3C). The magnified areas in the photo explain this. - You must wait for the close. Use the Daily chart to find the L3C candle. - Confirm the close on the weekly. There may be a retest of structure following the L3C so beware of a slight retracement.
by JoeyMvc
2618 trade opportunity on NZDJPYHi guys, here on NZDJPY we've just tested a very important level on the daily timeframe, while creating a double bottom with RSI divergence on the lower timeframe (4H). This is a clear sign of reversal and could point to a change in trend on a long term basis (especially in the location we're). One of the way that you can trade double bottoms is by waiting for a break and then trading the retracement of the leg that break the neckline (at the 618 ret). And that's what i'm going to to do if price will give me the chance to. Stops and targets as displayed. If you have any question/idea, feel free to ask. Otherwise, see you in the next chart!
Long
by Roker1