NZDJPY-- W1 Market View and Analysis Forecasting Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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Nzdjpybuy
NZDJPY HARMONIC BAT COMPLETED Abtin00Hello guys
Thanks for supporting us
After last analysis of NZDJPY that be failed ( First Wave Stretches )
We are waiting to watch , what does the market want to do ?
We are seeing that going to complete Bat harmonic pattern and then we are combinate it with price action and we found a good area for long position , you can take long position with SL that we shown it on chart
We are thinking at least reach the second target but in first target you can save some profit
Good Luck
Abtin
NZD/JPY moving higherHi Traders,
we hope you all have just as successful trading Monday as us. We have started hot, gained already more than 250 pips from 2 trades and the best part is they are still active and chasing that TP2. You can check our Twitter for more details :)
Now let's take a look at NZD/JPY on 4H chart. We can see that price has nicely declined from Support and now is head up. We believe this week NZD will perform much better than last and there is also chance price could reach resistance line till end of the week.
Let us know if you agree or disagree with us with this idea in comment section. And do us a favor and hit that follow and like button and help us grow our community :)
Good luck !
NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
NZDJPY LONG! 4HR! Earlier Idea is Daily, this here is 4Hr-- Not that much of a difference--
59.391- 65.18 is all time Buy-Zone.
Price above 65.18 will be above trend-line (positive territory) not included on chart.
Note: Idea is to complement your research.
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