HEAD & SHOULDER PARTTENIF THE CURRENT MOVEMENT BREAKS OUT OF THE CURRENT RESISTENCE THIS SET-UP WILL BE A CONFIRMED HEAD & SHOULDER PARTTEN.
IN THE MEANTIME KEEP AN EYE ON THE BREAK-OUT (I STAND TO BE CORRECTED THANK YOU).
Nzdjpylong
NZDJPY UPDATEI AM EXPECTING SOME REVERSAL ON THIS PAIR. SEE ONSCREEN INSTRUCTION
LIKE, FOLLOW AND COMMENT FOR MORE :)
NZD JPY Buy Limit Opportunity Highlighting on NZDJPY a potential long term target area for those holding a sell position from the 74.90 zone area on this market as well as a great area to look for bullish evidence and a potential move to the upside from this area. The area I am referring to is the 72.500 zone area, an area on this market that has acted as strong support multiple times in the recent past looking left.
NZD JPY Buy intraday opportunity According to Price Action happened into The Demand Zone we can enter Buy with a breakout the Neckline "White line"
Breakout Identified in USDJPYThe Breakout Opportunities system has just bought USDJPY at 114.455. The system recommends entering this trade at any price between 114.222 and 114.594. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.988, suggesting that the USDJPY may have further to rise. A stop loss has been set at the 24-hour low of 113.525 and a profit target has been set at the 1 Day ATR level at 115.011. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 59211
Time Issued: Wednesday, 03 October 2018 20:32:15 GMT
Status: open
Entry: 114.222 - 114.594
Limit: 115.011
Stop Loss: 113.774
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NZDJPY long opportunitydouble top on a strong weekly region.
trade at the neckline where i anticipate a move up.
We are currently on a rectangle consolidation. a breakout will give the true direction
This might also be a short term pullback considering the weekly trend is strongly bearish. trade with a decent risk
NZDJPY Approaching Support, Potential For A BounceNZDJPY is approaching its support at 74.13 (100% Fibonacci extension x2, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 74.98 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.73 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support target at 73.896 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY longLooking to take a long position of NzdJpy once support in yellow is hit and there is a clear entry.
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 74.12 (horizontal overlap resistance, 23.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, descending resistance line) where a strong reaction might occur pushing price down to our major support at 73.25 (horizontal swing low support, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and is seeng a bearish divergence where we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 74.08 (horizontal overlap resistance, 23.6%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.35 (horizontal swing low support,78.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 72.86 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY Potential Monthly Reverse Head and ShouldersShown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left shoulder around the 73.11 level will increase the likelihood that the long term pattern will evolve. This sets up for a major long term move that would take NZDJPY all the way to the 98 level. A move below the left should around the 73 level will invalidate this idea. So for the expected move toward 98 this turns out to be a huge move the expected risk associated with the idea.
NZDJPY again buy opportunityHello Friends,
If your observation is very good,
then you already understand ZDJPY price behave.
its acting same way what it did before.
For me its a very good buying opportunity.
risk/reward also good.
Question is
.....................what types of traders you want to be?
1. painful trader or
2. Joyful trader
choice is yours
if anyone has an alternative view on this pair please comment, then we can discuss positively.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.08 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.13 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.40 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY Approaching Support, Potential Bounce!NZDJPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur.
NZDJPY Approaching Support, Prepare For A Bounce!Buy above 72.68.
Stop loss at 71.76.
Take profit at 74.95.
Reason for the trading strategy (technically):
NZDJPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur.
NZDJPY approaching resistance, potential drop! Price is approaching our first resistance at 75.19 (horizontal overlap resistance, 23.6% Fibonacci retracement) where price might drop to its support at 74.66 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
