Trading Pathways Analysis of NZDJPY H4 Chart
The outlined white arrow pathway is the predicted pathway that the NZDJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDJPY will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
Nzdjpylong
NZDJPY Possible M formation completion!Hi Traders, here is the full Update Analysis / Breakdown for NZDJPY .
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
4.Follow for more Analysis like this !
Dont forget to give me a like & Follow
let me know in the comment section below if you have any questions.
Your Support is much appreciated!
See You in the next Video / Analysis
Global Fx Education Team
NZDJPY at critical Area, could go either way.In all my previous NZDJPY ideas, I recommended traders to sell NZDJPY. If you followed, you might have made close to 200 pips profit from those.
However, through this analysis, I want to say that NZDJPY could bounce upwards in the coming days.
Today's daily candle might show indications of a trend reversal as this candle has formed at the 100D EMA.
So, if NZDJPY closed around 71.25 today, we could very well see a trend reversal in the coming days.
That being said, if price does manage to break the 71 barrier and manages to stay below it, the next area of importance will be 70.
Ideally, I would keep an eye on today's closing price before executing any further trades.
NZDJPY buy on H1, potential inverted H&S formation!Plan : wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY buy on H2Plan : wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY roadmap on dailyNote : look for a retracement in smaller time frames such as H1 or H2 (hourly timeframe)
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY BUY TRADE IN DAY CHARTThe bearish trend line was broken in both the 4hr chart and in day chart.
RBNZ is holding their rate cut decision as the economy performs well.
And the trade deal between china and USA will strengthen the AUD and NZD
This pair is currently trading at resistance level which is 72.600
we may expect a short term fallback towards 71.720 level which is a support zone as well as the 78.6% Fibonacci
From this level we may expect a further upward rally towards 74.400
Potential stop lose may placed at 71.220 level...
Always follow the money management..
Give your valuable comments regarding this chart..