NJ
NZDJPY Long term view upto 72.00Following on from my previous analysis, the pair fell lower than predicted, I have reflected this in the chart above
NZDJPYLooking at this pair it is reaching a sensitive region we could either see a bounce, break or go into consolidation, we shall be patient before acting upon this trade and let Price Action show us what it wants to do, (NO FANCY SH*T, BASIC PRICE ACTION!)
NZDJPY LongMomentum from weekly to daily confirms bullish momentum. Re-testing previous order block turned breaker. Violated previous Lower High also indicating a bullish bias. Swing with 2 targets will be trading conservatively as with all swings.
NZDJPY Short-Downward trending
-Lower lows and making lower highs
-Respecting resistance zone
-Fibs entry
DROP NJ DROP! NZDJPY
Setup: Simple structure breakout
Confluence:
BRN
CRS
Break TL
Entry:
Sell @ 67.30
SL@ 67.60
TP @ 66.30
Let me know what you think. TAYOR
NZDJPY TRADE IDEA50% of the big bearish engulfing candle has been hit 3 times
Strong price reversal zone marked out at 50% of the bullish engulfing candle
So we could see a retest of that zone to break to the upside which would be an MA bounce and could give us 2 entries/stack zones
NJ SHORT AND LONG PLAN1,....WE WILL BE selling break of rising wedge
2..and buy where the second arrow starts..till we hit supply zone
