2022-12-W49-NZDJPY: Bulls Are Exhausted, Bears Should Come.
Hi supporters
A Cypher Bearish pattern is forming in timeframe 1M (X: Dec 2014, 94.049; A: Jun 2016, 69.232; B: Jul 2017, 83.910; C: Mar 2020, 59.490; D: Nov 2022, 87.456). If bearish Fibonacci traders dominate the market, we could find short opportunities in coming months. Cypher Bearish structures have appeared two times in Apr 2022 and Jun 2022.
Stop Losses:
• max[D1(Apr 2022), D2(Jun 2022), D3(Nov 2022)] = max(87.347, 86.811, 87.456) = 87.456.
• max[D1(Apr 2022), D2(Jun 2022), D3(Nov 2022), X(Dec 2014)] = max(87.347, 86.811, 87.456, 94.049) = 94.049.
Current Price: 86.670.
Targets:
• 83.910 (B, Highjul 2017).
• 78.861 (Highdec 2018).
• 74.564 (Lowaug 2021).
More Information:
NZDJPY has a history of following Fibonacci by forming a Bat Bullish pattern in Apr 2020.
Remark:
• Trade plan is valid within 03 weeks. For example, if a trade plan was issued in W41, its trade-nows would be in W41, W42 and W43. From the start of W44, the trade plan was expired.
• We decide to dedicate all of our time and effort to finding the best entries. Exits are on your own decision. As a result, we will not update when trade plan is cancelled/expired, price hits stops/targets, or trade is closed manually.
• This is our trade plan for your reference, not a financial advice. Your trades are based on your own decision. Please make sure to read the disclaimer below.
A Cypher Bearish pattern is forming in timeframe 1M (X: Dec 2014, 94.049; A: Jun 2016, 69.232; B: Jul 2017, 83.910; C: Mar 2020, 59.490; D: Nov 2022, 87.456). If bearish Fibonacci traders dominate the market, we could find short opportunities in coming months. Cypher Bearish structures have appeared two times in Apr 2022 and Jun 2022.
Stop Losses:
• max[D1(Apr 2022), D2(Jun 2022), D3(Nov 2022)] = max(87.347, 86.811, 87.456) = 87.456.
• max[D1(Apr 2022), D2(Jun 2022), D3(Nov 2022), X(Dec 2014)] = max(87.347, 86.811, 87.456, 94.049) = 94.049.
Current Price: 86.670.
Targets:
• 83.910 (B, Highjul 2017).
• 78.861 (Highdec 2018).
• 74.564 (Lowaug 2021).
More Information:
NZDJPY has a history of following Fibonacci by forming a Bat Bullish pattern in Apr 2020.
Remark:
• Trade plan is valid within 03 weeks. For example, if a trade plan was issued in W41, its trade-nows would be in W41, W42 and W43. From the start of W44, the trade plan was expired.
• We decide to dedicate all of our time and effort to finding the best entries. Exits are on your own decision. As a result, we will not update when trade plan is cancelled/expired, price hits stops/targets, or trade is closed manually.
• This is our trade plan for your reference, not a financial advice. Your trades are based on your own decision. Please make sure to read the disclaimer below.
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