Nzdjpybuy
NZDJPY - - BUY - be in it to win itTHE EXPECTED REVERSAL HAS NOW OCCURRED
NOW EXPECTED THIS TO MOVE UPWARDS TO
THE PREVIOUS HIGH
SEE PREVIOUS ANALYSIS
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
NZDJPY - UPDATE FOR THIS WEEKI AM EXPECTING THIS REVERSAL INTO THIS
RESERSAL RANGE BUFOR WE CONTINUE OUR
UPTREND. FOR ALL THAT ARE FOLLOWING I
AM SURE YOU WOULD HAVE SEE HOW GOOD
THIS HAS GONE.
SEE PREVIOUS ANALYSIS BELOW
LIKE, FOLLOW AND COMMENT
NZDJPY UPDATEI AM EXPECTING SOME REVERSAL ON THIS PAIR. SEE ONSCREEN INSTRUCTION
LIKE, FOLLOW AND COMMENT FOR MORE :)
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.
NZDJPY Goes down for touch Support zone Before goes up.NZDJPY Goes down for touch Support zone Before goes up.
#nzdjpy should complete his duty still buyhere is my new forcast for nzdjpy
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nzdjpy long . NZDJPY Long.
Long Term TL + Long Term Support + Weekly Engulfing . market probably create Double Bottom .
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.
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!
NZDJPY has made a bullish exit, potential for strong rally!NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (89) has made a similar bullish exit signaling a change in momentum from bearish to bullish.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BUY NZDJPY R:R 2.44 Hi Traders,
A quick look at this chart shows an upward trend:
1. RSI is pointing up
2. Resistance at the support level and a reversal
3. An upward trend to 0.618 Fib is quite possible
T/P at 78.80 (0.618 Fib)
S/L at 75.50 just below the support level incase of fake breakout or pullback
R:R at 2.44
Expect some retracement period and if it all goes well, there's some good profit to earn.
Please don't trade more than 2% of your capital
Any comments or ideas, feel free to share.
Cheers!
NZDJPY approaching major support, prepare for a potential bounceNZDJPY is approaching major support at 76.08 (Fibonacci extension, horizontal swing low support, Elliott wave structure) and a potential bounce could occur at this level to drive price up to 77.66 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,5,3) is seeing major support at 1.7% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY right above major support, prepare for a potential bounce
NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching major support, prepare for a bounce!
NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY broken major channel, potential bearish reversalNZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
