Hello Trades,As per my previous analysis on NJ , Price has failed to push further downwards, there was bullish engulfing at current support level.Hence this would be a good buy opportunity once PRICE GETS RETEST AT CURRENT SUPPORT LEVEL.RISK REWARD RATIO 1:4.5 .Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your...
So, what kind of situation we have in NZDJPY pair. If we see the trend lines, it's saying that it's a good time to short this pair as this region holds strong resistance.
Also, in the 4 hr chart, we got conformation to sell this pair. So, if we take a short here then we will be taking profit at 65.300 approx. with a stop loss of 66.200. It's a good risk to reward...
On Friday NZDJPY rallied near to 65.00. So what's next?
According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there.
What should be the...
NZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels.
So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we...
Hello folks, its thursday and its time to make some money before weekend.
So here is an analysis on a clear buy indicator.
As its very clear that it the price is going up
after hitting the support line.
Also there is a double bottom chat formation and its on the verge
of completing the pattern.
One can go long with tp of 71.000 and SL of...
The counter has formed a double bottom pattern at the lows.
Further, the hawkish statement from RBNZ is set to support the counter in the near-term.
Hence, we expect the pair to trade with positive bias in the near-term.
It seems NZD/JPY breached it's bearish trend price @ 76.000, From fibonacci retracement points it's expected to reach it's 38% retracement price @ 77.127.
after reached 38% retracement , there would be a pullback correction chance for long bullish trend