Nzdjpyanalysis
NZDJPY trading in Rising Wedge NZDJPY is trading in a rising wedge pattern and at the resistance level. We might see some correction in pair from the current level towards support 1 and support 2, as target 1 and target 2 respectively. But, if it breaks out on the upside from the rising wedge pattern, we may see resistance 1 as the target for upside.
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NZD/JPY possible bounce from ResistanceHi there Traders,
Let's take a look at NZD/JPY 4H chart. Price right now is headed to test the Resistance line of Descending Channel. It is too early to enter a trade right now, that's why we are going to be patient and what for clear signal that the price is rejected from Resistance. If we will see that price has bounced of the Resistance only then we will enter trade.
We will update this idea if it is going to confirm or not so make sure that you are following our channel.
Where do you think will the price go ?
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NZDJPY Trading In Ascending Triangle Pattern.NZDJPY is trading in an ascending triangle pattern, which is a bullish pattern. One can initiate the trade at support and resistance level of the ascending triangle pattern.
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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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Note - Trade With Proper Risk Management System
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