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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.
Short
by MoolahMaker
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
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
Short
by corsicasia
7