Nzdjpytrend
NZDJPY Trading Symmetrical triangle pattern.NZDJPY is trading in a symmetrical triangle pattern, which indicates the uncertainty of trend. One can take a trade on a breakout from the symmetrical triangle pattern on either side for the long term.
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BREAKOUT AT NZDJPY.Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair gave a breakout and has fallen from the price. However it did not do a retest yet, so it is possible that the pair will come up a bit and then start falling again.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R.Lopes
Perfect buy entry in NZDJPY (D1 and H1)Hello friends. Here is an analysis on NZDJPY. As we can see in D1 the pair is going in descending broadening pattern and the pair is respecting every support and resistance points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here. We have also posted another analysis of H1. As per H1 the pair is in descending triangle pattern and is close to its support level. Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern and move upwards.
Let us know your views guys Thank you.
Ryan.R.Lopes