Hey guys, this is a very basic concept of a structure trade. As you can see above on NZDJPY price just came out from a consolidation period and put new structure highs. At this moment i know my bias would be long; but i can't enter a trade long on the top of the movement, i should wait for price to give me a better entry in order to catch the upward move. My...
The NZD.JPY is one currency pair on the watchlist for Sunday market open. Once my entry criteria has been met we will set a pending order and await a clear break. Have a great week :-)
Above 84 at weekly close, NzdJpy is a long. Strong horizontal resistance is detected around 84. A weekly close, above this level, is an opportunity for triggering a long trade.
on h4 it is only at level 1 looking to go to level 2 for over 600 pips. I want stop hunt low by market maker to retest zone before heading long
On the NZD.JPY Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 80.977 & 80.876 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement...
Hey traders, today i want to point out to you a potential Gartley pattern setting up. In NZDJPY we are approaching the lower low created on December 23rd. So this could be a nice zone where price could bounce off of. Stops below X, target at .382 and .618 of AD leg. If you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Hey guys, after being stopped out on the USDCAD trade we're back on track. This NZDJPY trade is similar to the previous. I want to pass down to you the philosophy of being on the majority side. The more clues (that matters in the market) you have, the more likelihood the trade will have. As explained above, here we have a deep Gartley formation that is already...
nzdjpy weekly analyis pin bar on resistance level
Long at 81.52 entry of 1/2 position. SL at 81.16 below support on 1hr time frame. Entry just above resistance. 2nd entry upon achieving 1 x ATR.
See chart for reasoning.