Analysis of #NZDJPY 17.07.2018
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 76.85
• Take Profit Level: 77.85 (100 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 76.50
• Take Profit Level: 76.00 (50 pips)
Possible short position in the breakdown of the level 1236.00
Possible long position at the breakout of the level 112.60
Possible short position in the breakdown of the level 0.9920
Possible long position at the breakout of the level 1.3290
AUDNZD just formed a double top and currently trading at the neckline @bluedot_smart_group
If you like our trading style and would like 💱Trade Alerts 💱Training course 💱 Mentorship
Our services are absolutely free of charge when you open and fund your live account with our preferred broker
Send a WhatsApp to the number on my bio and our team will send you the instructions
Trading on Margin involves high risk and is not suitable for every investor.
-When a line is broken, the market often can come back and re-test it as a new support or resistance level.
Above: An example of one which once held as resistance is then respected as new support as the market pulls back down, and re-tests it.
What I’ve shown so far is the basic functions, but we can do a lot more with them. In the rest of the article,
we will walk you through other trend line events such as…
Counter-trend breaks (flags) Classic breakouts
Example of reversal signals at linear structures Consolidation structures created (good and bad)
If you want to learn more,i highly recommend you purchase my ebook,the candlestick trading bible.click on the
link in bio or send me a private message.
5 24511 hours ago
Price rejected of a daily zone. Took some 5 pip profits, let 1 run.