Nzdjpysetup
NZD/JPY SHORT Round 2NZD/JPY Should do a bounce back to test Resistance one more time, where we are looking to short it once again
We will be using the same parameters as previous call yesterday
This time both are sell limits
NZD/JPY SELL LIMIT
Entry 68.650
Entry 2 68.800
sl 69.100
tp.1 68.350
tp.2 68.100
tp.3 67.900
Risk management please .01 or .02 for every 100
Counter Trend defined... NZDJPY Long trade setupPrice found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
NZDJPY 1 hr Trend Analysis and Strategy with Harmonic BATThis pair has recently bounced off a major daily support (red zone) and has started the 4th leg of the Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. A trend line on the 1 hr chart has been breached giving our analysis and strategy validation. We are still targeting the green zone as shown on the previous analysis of the pair. FX:NZDJPY
NZD/JPY - Day Trading SellNZD/JPY is failling to make a push up on the 1H chart.
It has broken under the 50 EMA of the 1H chart.
As long as it holds as support, the sell is active.
We can expect the pair to drop to the last low to find it's support for another push back up.
This is a day trade. Wait for good confirmation of the move and enter.
Trade safe.
NZD/JPY : Looking for a Retracement on a Consolidation point!!Right now the pair is below the Weakly Support point
Overall the trend is in downtrend but it is on a consolidation
fase. The pair might retrace around 0.5 to 0.6 fib point
Before it decide it's new trend.
I will go long around 72.400
I will go for a short position if it cross
71.390
>>Take profit point if it goes long is around 0.5 to 0.6 fib point
>> Take profit point if it goes Short is around 69.563
on a monthly support.