Will price Continue to resist Support for a possible long setup?...
Depends on how you read your Head and Shoulders. I'm waiting for the right shoulder to form at 76.26, which is near the zone of a Bullish Shark Pattern in the 1-hourly chart.
Buy #NZDJPY Plan First Entry was at 77.26 Second Entry is pending order at 77.16 Stop is at 77.05 Target is at 77.61 I have 5 reasons to buy NZDJPY for a daytrade. 1. Currency Strength Meter NZD is strong JPY is Week 2. Trendline Support 3. Support Zone Intraday 4. Market Profile from yesterday 5. Bullish Divergence Signal like and comment to...
Don't forget to click on the follow button for more daily professional analysis, Here we have our NZDJPY Chart. After the recent rally across Yen pairs, we have seen a strong up move out of lows. Often, when you have up moves they will not be complete immediately. You will get PullBacks's.. and you have to take advantage of them! We are long to our next TGT...
Confluences a. FIB 38.2% b. Break of 4H structure and Daily Structure c. Key level
Prices broke H4 structure, leaving behind a 15m demand to get involved. Wait for the shift in structure to take prices towards liquidity highs.
Hello,Friends! In this market situation, I am looking at multiple indicators And I can see bearish momentum accumulating on the pair right now This sentiment makes me bearish biased and I am considering a short! Like and subscribe and comment my ideas if you enjoy them!
Prices are on bearish momentum and abiding to a descending bearish trendline. We see potential for a dip from our sell entry at 1.05360 in line with an area of Fibonacci confluences towards our Take Profit at 1.04738 in line with 78.6% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other...
Prices are on bearish momentum. We see potential for a dip from our sell entry 0.68172 which is an area of Fibonacci confluences towards our Take Profit at 0.67091 in line with 61.8% Fibonacci extension and 161.8% Fibonacci Projection. Technical indicators are showing bearish momentum. Alternatively, our stop loss will be placed at 0.68647 in line with 38.2%...
Looking at a potential long set up for NZDJPY Lets see if we can get a pull back into the entry.
NZD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy The RBNZ underwhelmed some market participants who were looking for a 50bsp hike as the bank only delivered on a 25bsp hike as consensus was expecting. Even though the NZD took a plunge after the meeting, we don’t think markets are really giving NZD the upside it deserves after the Nov RBNZ decision. Not...
(NZDJPY 2H Price Chart) Watch For A Bullish Price Action Signal
I discussed this yesterday on the "Trade off" show with Pepperstone as my "setup #2." The GBPNZD I do expect to drop to the .9271-1.9371 (we are pretty much there) and I am looking for a bounce. This could setup an inverted head and shoulder pattern if it does happen. The 38% Fibonacci retrace to the 50% retracement is where I am looking for near term longs.
Hello,Traders! NZD-CAD is retesting a broken wide key level And I am bearish on the pair after the breakout So I am expecting a pullback And a bearish reaction With the pair retesting the support below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Here is our today's forecast on GBPNZD. Our analysis is based on current market fundamental sentiment. According to our drawing GBPNZD is trading within a resistance area. Based on our stand point the price will go lower to the next support. Please, support our analysis with like and comment! ❤️ Please, support our work with like & comment! ❤️
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Price closed above Horizontal Support and Resistance. Higher Lows are present on price chart.
In depth video on what im looking to do prior to CAD interest rate decision comes out. Have fun trading guys