Nzdjpyidea
NZD/JPY - Incoming Drop - 200 PipsNZD/JPY is making new lows and has currently broken the 200 EMA on the 4H chart.
We have 2 reversed hammer one by the side of the other meaning there is strong weakness.
For the next breakdown to begin right away, prices would have to not break the 200 EMA on the 4H chart (Which is the last high of the 2 reversed hammer candlesticks).
If it does break the 200 EMA up, then it will take a while for the move down to continue.
One could put a pending order at 74 so that as soon as the break happens, you can get in the move.
Trade safe.
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.
short at 81.29 for target 80.64 (93 pips)i short nzdjpy because i see he try to pass the resistance at 81.30 for many time and fail
he is much overbough
Nzd outperfome all major currencies because of oil,copper and other commodities up
i think he need to take a breath and that commodities will take a breath too
Also all stock are so high and if they start to correct because of much are very overbought it will make traction down on usdjpy
short at 81.29
Target 80.64
gain 93 pips
i will make 2 x 1lot and will close the first at +25-40 pips and the second put a stop loss at +10 pip when i can for secure my gains and be safe
NZDJPY IdeaPrice is currently sitting within a strong Resistance zone and has already retested 4H Resistance twice after breaking away from previous Bearish trend. I expect price to resume it's Bullish move once it breaks out of the Resistance zones (+4H). A Higher high and higher low is expected to confirm the trend.
Entry Point @ 79.253
Buy NZDJPY Longterm Based on Weekly TF Bullish Harmonic GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Buy NZDJPY Longterm Based on Multi Timeframe Trend ContinuationThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.