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Nzdjpyanalysis

Bearish Bets : 2 Key Reversal Patterns Signal Potential DownturnLooking at this pair, I'm getting the impression that a deeper correction might be imminent. Initially, the breakout from the 88 area wasn't convincing at all as it didn't exhibit significant follow-through, despite the fact that last week it touched a new high @89.700, marking the commencement of a Monthly SUPPLY/SELL zone. A solid signal that a reversal could be on the horizon is the last 2 out of the 3 weekly' candlestick patterns being key reversal indicators. With both a hanging man and a gravestone doji surfacing following a substantial rally in price, these are important markers of a likely correction. Considering the weak follow-through on the breakout, the bearish correction candlesticks, and the apparent trend exhaustion in the lower timeframes, I'm inclined to adopt a short-term bearish perspective. This might well be the result of profit-taking and position adjustment in anticipation of the BOJ announcement later this month. For the early part of this week, I'd like to see the price inching back up towards the 89 region. Then, I will wait for my TRFX indicator to give an entry signal on a lower timeframe chart such as a 2hr, 4hr, and so on, and subsequently establish a position. My first target will be the 87 level on this position, which corresponds to a previous swing high. The following target would be a descent towards the 85 area, a freshly established DEMAND/BUY level. This could be a desirable level for buyers to reenter for the long haul. Hope you enjoyed the read I will keep you updated.
Short
by TheFxAce
13
DeGRAM | NZDJPY price divergence at the resistance levelNZDJPY broke out of the ascending channel. The market has reached the major resistance level and dropped. The market formed an overbought condition at a major resistance zone and created a double top with divergence on the 4H chart.  We expect the price to pullback to the psychological level at 88.000 and go down from there. --------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
12
NZDJPY LONG TERM TRADING IDEA Hello Traders In This Chart NZDJPY DAILY Forex Forecast By FOREX PLANET today nzdcad analysis 👆 🟢This Chart includes_ (NZDJPY market update) 🟢What is The Next Opportunity on NZDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797