Nzdjpysignal
NZDJPY HARMONIC BAT COMPLETED Abtin00Hello guys
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After last analysis of NZDJPY that be failed ( First Wave Stretches )
We are waiting to watch , what does the market want to do ?
We are seeing that going to complete Bat harmonic pattern and then we are combinate it with price action and we found a good area for long position , you can take long position with SL that we shown it on chart
We are thinking at least reach the second target but in first target you can save some profit
Good Luck
Abtin
NZDJPY First Wave StretchesHello guys
We hadn't been for a while, but we came back strong
As we said before after completed wave 1 we need ABC and now we think we are completed wave 2 and ready to make the strongest wave of Elliott thats Wave 3 ( 3rd wave )
As you can see on chart we think we are making a first wave stretches and we have shortening the third and fifth waves
Active your stop loss wiht your own capital management and take profit
Good Luck
Abtin
NZD/JPY Ascending channel has been broken. $NZD $JPY $NZDJPY #FXNZD/JPY Price has been broken through the support line of ascending channel this could be great opportunity to open short positions. However there also could be a chance of bullish movement, because in 4H chart price is forming end of Ascending Triangle. Keep your Stop Loss close if you decide to go short.
NZDJPY OUTLOOKHello Traders
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THIS IS NZDJPY ANALYSIS
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NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
NZDJPY technically based forecast
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💡 NZDJPY technicaly based idea, we can see price is bounce from bottom trend line , candels formation is strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line , NZD the strongest currency currently, JPY one of the weakest.
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