View Full Version : NZD/JPY Discussion
I've been investing in this pair for almost the last year now. I believe there is a substantial opportunity about to happen with this particular pair and I'd like to begin this thread to find other's opinions and thoughts on it! Thanks for stopping by!!
After going brief NZD/JPY GlobalPrime widened distribute on friday into 211 pips. I'd also gone brief at FXCM. Today the roll at FXCM is $1.22 on 0.03lots...
Definitely up something.
I'd also gone brief at FXCM. Now the roll at FXCM is1.22 on 0.03lots... Certainly something up. Hello Jago, there are lots of holidays affecting the program of rollover interest for JPY pairs this week and next. More details are seen in this conversation: https://forexintuitive.com/discussion-trading/97935-trading-platform-mac-ibook-g4.html
Ah, thanks! Chat support did not inform me that - great to know. The rollover is much better than a spread widen.
I am still short.
quote Hi Jago, there are several holidays affecting the schedule of rollover interest for JPY pairs this week and next. More details can be found in this conversation: https://forexintuitive.com/forex-trading-and-cfds/97919-follow-prior-heiken-ashi-candle-profits.html
After a few months, this pair appears to be in a range from 86-90. I see short term move back up to the 90 level for now.
Proceed up to the 87 level could possibly be in the cards!
https://forexintuitive.com/attachments/15184890601813172895.jpg
NJ looks intriguing to trade this week. As yen crosses, it rose after NFP. But the pair was already at the top of a 3 year bullish move that on longer timeframes appeared like it had been reversing bearish.
This is why I see this last bullish move rather as a consolidation under way, and that I keeep a bearish bias with this pair.
Maintain an eye for short signals around 88/89 levels, where many resistances come into play
As a swing trader, I don't plan to search for longs at current levels.
The monthly chart shows a bearish harami cross, with a very strong bearish 3rd candle, coming at the top of a 3 years bullish suggesting we may anticipate further downward actions. But the pair is currently consolidating, and even went back over the 786 fib support that it broke into January.
Https://forexintuitive.com/attachments/1518489064219571410.jpg
The weekly chart shows the bullish trend in peril, as we have a lesser low before being able to rally and create a much higher high, range trading for 2 months at that level. Right after 3 black crows, got it back to its former (reduced) low. This week we've got a bullish engulfing, backed by SMA100. There is a clear stochastic bearish divergence.
Https://forexintuitive.com/attachments/15184890672013478407.jpg
This Is the Reason Why I prefer to attempt to sell rallies on that pair. Nevertheless, the weekly bullish engulfing candle indies the consolidation isn't over.
On the daily, we could observe the 100 and 200 SMAs are around the 88 / 89 level, with the 50fib level of prior bearish move coming around 89. I will selle any fantastic 4hr bearish sign at these levels
https://forexintuitive.com/attachments/15184890711418850179.jpg
NJ looks intriguing to exchange this week. As other yen crosses, it climbed after NFP on Friday. However, the pair was at the peak of a three year bullish move that on longer timeframes appeared like it was reversing bearish. That is why I see this last bullish move instead as a consolidation under way, and I keeep a bearish bias on this pair. Keep a watch for brief signals around 88/89 levels, where many resistances come into play As a swing trader, I don't plan to look for longs at current levels. The monthly chart shows a bearish harami cross, with... I think this pair is because of quite the autumn...I believed it was going to happen last year, but not it appears prepared more then
I love when my charts do the job ! Although I have to say that was an reversal figure.
Https://forexintuitive.com/attachments/15184890761828306855.jpg
This one was difficult to take on H4 for the sign was really unpretty. For the ones that trade from reduced entries, there was sufficient clues on H1 to get a clean entry (double best bearish engulfing.)
https://forexintuitive.com/attachments/15184890791106353620.jpg
Woww - 1:2 RRR trade with 15 pip Cease, trailed, opened at 75.99 - moved sl to break even - stopped from the pip before a 30 pip Fall - FML#8203;
NZDJPY
Pattern : Head and Shoulders
Buy @ 76.222
Stop Loss = 75.860
Take Profit = 76.742
https://t.me/FxClassic
https://forexintuitive.com/attachments/1518489083491080422.jpg
NZDJPY Pattern : Head and Shoulders Buy @ 76.222 Stop Loss = 75.860 Take Profit = 76.742 https://t.me/FxClassic image Position closed . because another Head and Shoulders are Emerging
https://t.me/FxClassic
https://forexintuitive.com/attachments/15184890861467192154.jpg
Good, what's your take on this pair?
If I'd trade this pair I will wait patiently for best entry long, see weak vendors gave up. . ?
https://forexintuitive.com/attachments/1518489022.jpg
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