NZDJPY D1 has now dropped to a critical support/demand zone, which has been held by two day candles that indicate a potential reversal. BUT it is still possible for it to continue dropping to 76.861. UNLESS you want to SL below that(100+ pips), don't trade yet. A MUCH MUCH better way to catch this potential reversal is to either 1) wait for it to break 78.412....
ABCD converge exactly with my calculated point. Also, the 61.8 retracement and the price action support long. BUY STOP @ 1.06818, SL@1.0635, TP@ 1.0980 likely going to take 1/2 position @1.08078 if order triggers.
Bear is losing momentum and has fallen into a zone of multiple calculated support lines. Buy a few hours into market open. Initial target 1.2450. SL: ~50 pips More conservative trade: Wait for break of 1.2330/Confirmation(s) on 1H.
AUD and NZD has become de-correlated, combine that with resistances on AU and divergence on NU, signaling a downward move. If more conservative, wait to break 1.08642. TP: 1.07423
Strong resistance on 1.01929, combine that with candlesticks pattern and oversells, signaling a good short trade. TP1:50-55pips TP2: 1.0100 (will watch PA closely after TP1 to determine if TP2 is likely.) SL: 30 pips
Based on calculated fib levels, price action, and indicator confirmations.
Selling EURGBP on break of 0.87475 (watching PA on 1h and 4H) Upside gained quite some momentum on Friday; however, it is unlikely to last long. 0.87475 is an important level; use indicators and watch PA closely as it PULLS BACK, likely to break the level during the first London session next week. Aggressive trade: sell a few hours into market open. Target: 0.86550.
Sell Stop @ 1.3486 TIght SL above high