Nzdjpylong
NZDJPY | Important Zone NZDJPY is all ready to give a breakout from a consolidation box. We are expecting bulls will push the price to new highs because the consolidation is almost a month long.
Alternatively, if it fails to give a breakout .. it will continue this consolidation and we need to wait for breakout.
Trade your levels accordingly.
(INTRADAY) NZDJPY - REENTRY FOR BULLISH SETUPIf you follow my analysis before this, I guess you have your anchor on NZDJPY.
So here is the Reentry Level for those who still believe on this analysis.
Wave C of (B) has been completed. Now it's heading to Wave (C).
Reentry Level should be around 75.950
LONG ON NZD/JPY Price has been on a nice uptrend, it has also been respecting the 38.2 Fibonacci level
Price is now at an apex point (trendline meets support line) I expect price to continue going up after another bounce off the Fibonacci level.
Here is the play I will be taking on this pair:
PAIR = NZDJPY
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 77.806
STOP LOSS = 75.802 - 200 PIPS
TAKE PROFIT = 81.504 - 369 PIPS
Long NZDJPYBeautiful break and retest of a Cup & Handel patter on the 1 & 4 hourly for NZDJPY .
Autochartist.com also giving a long signal with a target of 78.72 within the next 24 hours.
However, the technical target of the Cup & Handle is around 79.50!
My Trade: Long NZDJPY
Entry: 78.015
Target 1: 78.75
Target 2: 79.50
Time Frame: 2 days
Boom,
@theRaggy
NZDJPY Climbing outDon'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 noted by the blue directional arrow.
SUPPLY AND DEMAND - NZDJPY (5-11 Dec 2021)MN TF:
SELLING pressure
W1 TF:
Reaching Fresh Demand area - good place for LONGs as price will react to the demand zone.
D1 TF:
Prepare for Fresh LONGs
H4 TF
BUY zone identified
NZDJPY ready to take offHi traders,
As you can see the price action is at a very crucial point. Strong support followed by a strong trend line which has been respected for quite some time now. We can also sign of rejection and bullish divergence. It all adds to the fact that we should see an upside push very soon.
Please let me know your thought.
Trade safe and use proper risk management.
Good luck.