NZD/JPY 4H Chart Analysis 📊🔥
Key Observations:
Market Structure:
The market has been in a downtrend but appears to be forming a potential reversal pattern.
A swing low (SH) has formed, indicating possible liquidity grab or accumulation.
Change of Character (CH) suggests a potential shift from bearish to bullish momentum.
Support & Demand Zone:
A demand zone (orange area) is highlighted around 82.92, which may act as a strong support level.
Price is expected to tap into this area before a potential bullish rally.
Upside Target 🎯:
If price respects the demand zone, we could see a bullish push towards the 88.29 resistance level.
The 200 EMA (red line) could act as a dynamic resistance along the way.
Trade Idea 💡:
Bullish Bias: Looking for long entries near 82.92 with targets around 88.00+.
Risk: If price breaks below the demand zone, further downside could be expected.
Conclusion:
📌 Watch for price reaction in the demand zone! If buyers step in, we could see a strong bullish move towards 88.00+. 🚀📈
Key Observations:
Market Structure:
The market has been in a downtrend but appears to be forming a potential reversal pattern.
A swing low (SH) has formed, indicating possible liquidity grab or accumulation.
Change of Character (CH) suggests a potential shift from bearish to bullish momentum.
Support & Demand Zone:
A demand zone (orange area) is highlighted around 82.92, which may act as a strong support level.
Price is expected to tap into this area before a potential bullish rally.
Upside Target 🎯:
If price respects the demand zone, we could see a bullish push towards the 88.29 resistance level.
The 200 EMA (red line) could act as a dynamic resistance along the way.
Trade Idea 💡:
Bullish Bias: Looking for long entries near 82.92 with targets around 88.00+.
Risk: If price breaks below the demand zone, further downside could be expected.
Conclusion:
📌 Watch for price reaction in the demand zone! If buyers step in, we could see a strong bullish move towards 88.00+. 🚀📈
Trade active
Trade closed: target reached
NZD/JPY 4H - Target 🎯 Hit, But Missed Some Pips! 🚀✅The bullish setup played out as expected, with price rallying from the demand zone (82.92) to the target area (88.29)! 📊🔥
📌 Key Takeaways:
Liquidity grab at the lows fueled the reversal.
Change of Character (CH) confirmed the bullish shift.
Price reached the target but missed a few pips before pulling back.
Still a solid move! Time to watch for the next opportunity. 📈⚡
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.